American direct investment in China grew by 24.3 per cent in the January to April period compared with the same period last year, a sharp deceleration from the 71.3 per cent growth in the first quarter of 2019, the Chinese Ministry of Commerce announced on Thursday. The deceleration implies a sharp decline in foreign direct investment (FDI) in April, though the ministry did not release figures for the month alone. The decline in yuan terms comes as the ongoing trade war between the world’s two biggest economies led to a spike in tensions over the past week, which has threatened to upend commercial relations. In ... (full story)