China restricts companies from investing in the US as tensions rise – BBG

Bloomberg reports that “several branches of China’s top economic planning agency, the National
Development and Reform Commission, have been instructed in recent weeks
to hold off on registration and approval for firms that are looking to
invest in the US, the people said, asking not to be identified
discussing sensitive issues.”

The article adds that “there’s no sign that existing commitments by Chinese companies in the US
and elsewhere, or China’s purchases and holdings of financial products
including US Treasuries, would be affected”.

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This article was written by Giuseppe Dellamotta at www.forexlive.com.