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Chinese investment in the U.S. is plummeting

The steady flow of money that China once poured into the U.S. has shrunk 90 percent since President Trump took office, showing how frosty relations have become between the two countries.

Some of the reasons, according to Alan Rappeport of the NYT:

• Tougher regulatory scrutiny by the U.S. government, including on national security grounds.

• Mr. Trump’s tariffs, which have scared off many businesses.

• Beijing’s limits on foreign investment, along with China’s slowing economy.

• China may also be turning off the investment spigot as retaliation for the tariffs.

Sometimes the chill has helped U.S. companies. Last month, UnitedHealth bought the health care start-up PatientsLikeMe after American national security regulators worried about the company’s then-owner, a Chinese business.