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Trade war

U.S.-China tensions knock 96% off of bilateral tech investment

Overall FDI fall 75% over five years, according to latest Bain and Co. report

Chinese companies have shifted their attention toward Europe and Africa in recent years due to an uncertain business environment in the U.S., experts say.     © Reuters

TAIPEI -- Political tensions have decimated tech-sector investment between the U.S. and China as the world's two biggest economies attempt to decouple their supply chains, according to a recent report.

Between 2016 and 2020, overall direct investment between the two countries fell 75% from $62 billion to $16 billion, with the tech sector alone plunging 96% over the period, according to Bain and Co.'s latest annual technology report released on Monday.

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