Investments by US companies in China have grown this year despite the worsening trade war between Beijing and Washington, with American businesses lured by the country’s expanding consumer market.
US companies invested $6.8bn into China in the first half of the year, up 1.5 per cent from the average during the same period over the past two years, according to the Rhodium Group, a consultancy.
Most of that total went into greenfield projects, such as electric vehicle maker Tesla’s factory in Shanghai, which will be the first wholly foreign-owned auto plant in China. Other large deals included US fund Bain Capital’s $570m investment in data centre provider Beijing Qinhuai.
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