US companies losing opportunities because of tariff war

Editor's note: Some US officials recently claimed that the tariff policy adopted by the United States is dealing a heavy blow to China's economy since foreign investment is leaving China, but the fact is that foreign investment continues to flow into China, and even the investment of US companies continues to increase. 21st Century Business Herald comments:

Statistics show that from January to July 2019, a total of 24,050 new foreign-funded enterprises were set up nationwide, and foreign capital actually used reached 533.14 billion yuan ($83.4 billion), up 7.3 percent year-on-year. Against the backdrop of rising global protectionism and slowing global growth, the influx of so much foreign capital shows China's attractiveness to foreign investment.

The US has been trying to force its overseas companies to return home by imposing tariffs, but its investment in China still keeps increasing. For example, Suzhou, East China's Jiangsu province, the largest recipient of foreign investment in the first half of this year, introduced 33 US-funded projects and 29 US-funded enterprises increased their investment in the first seven months of this year.