Chinese deal activity in the US has plunged to its lowest level in nearly two decades, as continued friction between the two countries takes a toll on cross-border financial activity, the Financial Times reported.
US merger and acquisition investment from China has seen just $221m worth of deals so far this year, according to data from Dealogic, the slowest pace of investment since 2006, the report went on. The data also showed just $189m of Chinese deals in Germany so far this year, the lowest in more than a decade, while deals in the UK and Australia totalled $503m and $228m so far.
Read the full story: The Financial Times
- By Sean O’Meara
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