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During the first half of 2020, two-way investment between the United States and China slumped to the lowest level in almost nine years, as relations between the world’s biggest two economies deteriorated to their worst in decades and the pandemic hit business sentiment.

Combined direct and venture-capital investment between the countries totaled US$10.9 billion in the period, the lowest level since the second half of 2011, according to analysis by the U.S.-China Investment Project, whose lead organizations include Rhodium Group and the National Committee on U.S.-China Relations.

The total would have been even lower were it not for a large acquisition in the United States that was carried over from last year.

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