Protectionism symptom of paranoid delusions

Having fallen prey to the manipulative maneuvers of the Donald Trump administration in its bid to present the United States as a victim of unfair trade practices, Chinese investment in the US declined significantly in the first five months of this year compared with the same period last year.

According to a report released on Tuesday by Rhodium Group, a research company that tracks Chinese foreign investment, it dropped by 92 percent to only $1.8 billion, its lowest level in seven years.

While Beijing tightened its oversight over outbound investment last year, it is the Trump administration's blitzkrieg on China's trade and enterprises that is to blame for the decline in Chinese investment, since, overall, China's outbound investment in the first five months increased by 38.5 percent year-on-year, to reach $47.89 billion.