He’s clearly a Fries U grad. Nothing like 6 years of QE to display eminent domain and a Wall of debt .
Here's the kink in your hose, Izanomical jeanious...
New York (CNN Business)The Chinese investment boom into America has almost completely vanished.
Foreign direct investment from China into the United States plummeted by 83% in 2018, according to a
reportreleased Monday by law firm Baker McKenzie.
Not only are Chinese firms drastically
scaling back investments, but they've embarked on a
record-setting wave of salesof real estate, hospitality and entertainment businesses.
Including those sales, net Chinese foreign direct investment into North America turned negative in 2018 to the tune of $5.5 billion, according to Baker McKenzie. Another $12 billion of Chinese assets around the world are expected to be sold this year, the report said.
The evaporation of Chinese money in the United States reflects self-imposed restrictions by Beijing on investments outside the country. The trend was exacerbated, though, because Washington has been tightening foreign investment reviews. The US-China trade war is also a contributor.