ICYMI, the Financial Times carried a report on the holiday Monday, in brief:
China’s state-backed funds are pulling back from investing in the funds of U.S.-headquartered private capital firms amid an escalating trade war between the world’s two biggest economies
The FT is gated, but in summary:
Chinese state-backed funds have stopped making new investments in U.S. private equity since the start of the trade warpart of a broader strategic financial decoupling from the U.S.China Investment Corporation (CIC) is among the state-backed funds that are pulling back
This article was written by Eamonn Sheridan at www.forexlive.com.