China pauses US-bound corporate investment amid escalating trade tensions - Nikkei
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During trade talks between the world's two biggest economies, China has halted outbound investments for firms seeking to establish or expand operations in the United States (US), Nikkei Asia reported on Friday.
According to the report, local Chinese governments and the state economic planner, the National Development and Reform Commission, have ceased approvals for US-bound projects since April.
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At the time of writing, the AUD/USD pair is trading 0.09% higher on the day to trade at 0.6432.
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