Drops, pandemic to weigh on this year’s bilateral flows


Chinese direct investment in the United States dropped to the lowest level since 2009 a year ago amid bilateral tensions, and the COVID-19 pandemic will continue to weigh on investment flows between the world's two biggest economies, according to a report.

The analysis attributed the investment slowdown to Chinese restrictions on outbound capital, more regulatory oversight in the United States, slower Chinese economic growth, and rising tensions between the two nations.

China on Monday expressed strong dissatisfaction and resolute opposition to the USA decision to restrict visas for Chinese journalists to 90 days. Reporter visas are usually open-ended and don't need to be extended unless the reporter moves to a different news outlet in their home country, Reuters reported.

Chinese Foreign Ministry spokesperson Zhao Lijian addressed the US' decision to limit visas for Chinese journalists to a maximum of 90 days in a press conference on Monday.

Relations between the United States and China have deteriorated in recent weeks as the novel coronavirus has spread across the globe, killing more than 276,000 people worldwide and infecting over 4 million.

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Then in 2016, Mr Berkshire dove into the industry again, amassing stakes in the four largest U.S. airlines. By that measure, Berkshire Hathaway saw growth to US$5.9 billion from US$5.55 billion a year earlier.

"Now it is resorting to the discriminatory restrictive visa measures, severely disrupting Chinese media' normal reporting activities in the US and affecting bilateral people-to-people cultural exchange", Zhao said.

"Now, they're using visas to take discriminatory limitations, severely disrupting the Chinese media's ability to report normally in the U.S., severely disrupting people-to-people relations between our two countries", he said.

In February, China kicked out three journalists from The Wall Street Journal after the newspaper ran an opinion piece on the coronavirus crisis with a headline that Beijing called racist.

The new rules will not apply to journalists with passports from Hong Kong or Macau, China's two semi-autonomous territories, according to DHS. Most experts believe the virus originated in a market selling wildlife in Wuhan. -China Relations, one of the groups behind the report, said in a foreword that both countries should resist a retreat to "economic nationalism" in the event of a global recession.