US com­pa­nies will cut in­vest­ments: AmCham

China Daily (Canada) - - NEWSCAPSULE -

Slower Chi­nese growth will see US com­pa­nies cut in­vest­ment in the world’s sec­ond­largest econ­omy, ac­cord­ing to the Amer­i­can Cham­ber of Com­merce in China.

“While slower growth and mar­ket ac­cess bar­ri­ers were also the No 1 and No 2 driv­ers for low­ered in­vest­ment, there has been a very sig­nif­i­cant jump in both fac­tors in this year’s sur­vey,” AmCham China Chair­man Gre­gory Gil­li­gan told re­porters in Bei­jing.

China’s econ­omy grew by an an­nual 7.4 per­cent in the Jan­uary-March pe­riod, the slow­est in 18 months. US non-fi­nan­cial di­rect in­vest­ment in China dropped 1.91 per­cent year-on-year to $1.04 bil­lion in the same pe­riod, ac­cord­ing to the Min­istry of Com­merce.

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