US-China technology FDI crashes but decoupling is 'not imminent' | South China Morning Post

Technology-related foreign direct investment (FDI) between China and the US dropped by 96 per cent from 2016 to 2020, as the world's two biggest economies decouple their supply chains as part of their increasingly bitter great power rivalry. And, if successful, the United States' push to build up a supply chain coalition against China could pose a greater challenge to Beijing which has invested heavily in technology and supply chain independence, Boston-headquartered consultancy Bain & Company said in its latest technology report 2021, released on Monday. If it comes down to a China bloc vs US bloc, who stands to…