Iran Press/ Asia: Recent data shows that Trump's policies and rising economic rivalry between US and China has plunged direct and indirect Chines investments in the American economy, a decline that is felt all across the US economy.
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According to the New York Times, once steady flow of Chinese cash into America, with Chinese investment plummeting by nearly 90 percent since President Trump took office.
The time reported that Chinese foreign direct investment in the United States fell to $5.4 billion in 2018 from a peak of $46.5 billion in 2016, a drop of 88 percent, according to data from Rhodium Group, an economic research firm.
China always protests against US and some of its allies' trade approach toward the country and their policy of the protectionism, recalling that such a policy will harm global economy and China will safeguard its fundamental interests.
Trump's trade policies caused great dissatisfaction among the other countries and in some cases, put in a position to complain or even encounter with American institutions, including its financial institutions.
China's GDP growth has remained above 6 percent since Trump was elected in November 2016. While Chinese economic growth has started to slow, that trend was already underway before Trump was elected.
For several times, The International Monetary Fund warned about rising tension and trade war between the two countries and its devastating effects on their and global economy. On May, US President Donald Trump dramatically increased pressure on China on to reach a trade deal, hiked U.S. tariffs on $200 billion worth of Chinese goods
The New York Times' reports also reminds that "Chinese investors are also showing less appetite for residential real estate in the United States. Research released recently by the National Association of Realtors found that purchases of homes in America by Chinese buyers declined by 56 percent to $13.4 billion in the year to March".
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