Chinese deal activity in the US has fallen to its lowest level in almost two decades, in a sign of geopolitical tensions between the two countries weighing on cross-border financial activity.
US merger and acquisition investment from China has totalled just $221mn so far this year, representing the slowest pace of investment since 2006, according to data from Dealogic. The total at this point last year was $3.4bn.
The figure contrasts with growing investment into mainland China and highlights the impact of geopolitics on a previously booming cross-border financial sector that for years provided a bridge for Chinese businesses into lucrative western markets.
Read the full story on the Financial Times here.