(SL) – Chinese investment in the U.S. has dropped 92 percent in the first five months of 2018. Around one-point-eight billion dollars had been invested as of May, the lowest amount in seven years. That’s according to a report out last week by foreign investment research firm Rhodium.
The drop comes as trade tensions have escalated between Beijing and Washington, with billions of dollars worth of tariffs slapped on each side. Donald Trump has complained repeatedly about what he says are unfair trade practices by China, and scrutiny on possible Chinese deals has increased under his administration.
(Beijing) – China is responding to the trade tariffs President Trump is imposing on the nation. China’s commerce ministry outlined a list of 128 American products like pork, wine, fruit and steel that have a value of three-billion-dollars as potential retaliation targets.
Beijing plans to make moves against the American products in two stages if a trade agreement isn’t reached. The ministry is urging the United States to resolve issues with Beijing “as soon as possible” to avoid damaging the bilateral relationship.
Trump signed an executive order that is set to impose tariffs on up to 60-billion-dollars in Chinese imports. The move primarily affects products in the technology sector, where Beijing is at an advantage over Washington.
(SL) – A Chinese woman gets out of her car during a family quarrel in the middle of a safari and the results are deadly. Reportedly, a tiger mauled her mom to death while trying to save the tiger attacked her and dragged her away .