Chinese acquisitions and investments in the U.S. fell 92 percent to just $1.8 billion in the first five months of this year, consulting and research firm Rhodium Group said Tuesday.
Counting divestitures, net Chinese deal flow to the U.S. during that time was a negative $7.8 billion, the report said.
The decline follows a sharp drop in the second half of last year as pressure from both Beijing and the Trump administration curbed a recent surge in cross-border investment. Completed Chinese deals in the U.S. hit a record $46 billion in 2016, and dropped to $29 billion in 2017, according to Rhodium.
Completed Chinese FDI deals in the US* in $ millions (2006-2018)