US downgraded to ‘medium risk’ for China investment as relations turn sour amid ‘higher uncertainties’
- The world’s top economy dropped nine places from last year to 27th on the list of 114 countries assessed by the Chinese Academy of Social Sciences (CASS)
- Luxembourg is ranked as the best place for Chinese investment, followed by Germany, Australia and Sweden
The United States has been downgraded to a “medium risk” destination for Chinese investment with “higher uncertainties” due to the heightened bilateral disputes in trade, technology, finance, Hong Kong, and Xinjiang, according to a Chinese governmental think tank.
The world’s top economy dropped nine places from last year to 27th on the list of 114 countries assessed by the Institute of World Economy and Politics of the Chinese Academy of Social Sciences (CASS).
In terms of relations with China, the US dropped to a ranking of 103rd, lower than Botswana but better than Brazil and Mexico.
“It has become increasingly difficult to invest in the United States. Many hi-tech, financial and infrastructure projects were halted by the Committee on Foreign investment in the United States in the name of national security,” said Wang Bijun, a co-author of the research, on Monday. “Despite the phase one trade deal, it remains tense in investment.”
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