U.S.-China tensions knock 96% off of bilateral tech investment


Source: nikkei.com nikkei.com

Key Topics in this News Article:

News Snapshot:

Chinese companies have shifted their attention toward Europe and Africa in recent years due to an uncertain business environment in the U.S., experts say. © Reuters CHENG TING-FANG and LAULY LI, Nikkei staff writers September 20, 2021 10:04 JST | China Copy Copied TAIPEI -- Political tensions have decimated tech-sector investment between the U.S. and China as the world's two biggest economies attempt to decouple their supply chains, according to a recent report. Between 2016 and 2020, overall direct investment between the two countries fell 75% from $62 billion to $16 billion, with the tech sector alone plunging 96% over...