#USChinaTensions Chinese state-backed funds🇨🇳 halt new investments in the private equity sector in #America🇺🇸, in the latest escalation from #China in the trade war led by President Donald Trump

📌The funds have begun to withdraw their investments from funds managed by American private equity firms in recent weeks under pressure from the Chinese government, according to sources for the Financial Times

📌These shifts in investment direction towards America come at a time when China is facing the burden of American tariffs imposed over the past three weeks, which threaten to significantly reduce trade volume between the two largest economies in the world

📌President #Trump had imposed new tariffs reaching 145% on Chinese imports, while #Beijing retaliated with tariffs of 125%