The trade war between the United States and China is continuing to heat up, but this hasn’t stopped American businesses from leaving the Chinese mainland
This all follows the US implementing tariffs on billions of dollars worth of Chinese consumer products in a bid to bring manufacturing back to American shores.
A new report has found this is hurting the US economy and has not been successful in pressuring China to change any of its economic policies.
Meanwhile, businesses based in either China and America have remained “deeply integrated” with the other… with foreign investment into China hitting a record high of US$144.4 billion in 2020.
This comes as Joe Biden moves to review US policy towards China, including the previous policies of Donald Trump.
