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US-China cross-border investment drops to lowest level since 2009
- The investment between US and China dropped to US$15.9 billion in 2020, much less than the US$70 billion invested in 2016, according to a report
- US capital invested in China dropped by roughly a third from the year earlier to US$8.7 billion last year
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Investment between the United States and China last year fell to the lowest level since 2009 amid the Covid-19 pandemic and rising geopolitical tensions.
The investment between the two countries dropped to US$15.9 billion in 2020, falling to less than a quarter of US$70 billion invested during the 2016 peak, according to a report issued on Wednesday by Rhodium Group and the National Committee on US-China Relations (NCUSCR).
“Bilateral investment has not continued along the trajectory we saw years earlier and, arguably, neither nation’s economic interests have been particularly well served,” said Stephen Orlins, president at NCUSCR.
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US capital invested in China dropped by roughly a third from the year earlier to US$8.7 billion last year, a 16-year low, mostly driven by the economic fallout caused by the pandemic, according to the report.
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Chinese investment in the US, on the other hand, inched up by US$900 million to US$7.2 billion in 2020, but the figure remained a fraction of the more than US$45 billion China invested in the US in the peak of 2016.
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