WASHINGTON -- President Donald Trump's decision to back away from new restrictions specifically targeting Chinese investment in the U.S., opting instead to expand the powers of an existing body that oversees all foreign investment, signals his hesitation to clash head on with the Asian nation.
The president's reservations probably stemmed from the retaliatory moves that U.S. companies would face in China. But a strengthening of the oversight body would still be a major headwind to Chinese investment, complicating the relations between the world's two largest economies.






