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Trade war

US cities and states woo Chinese investment despite trade war

Conflict is 'elephant in the room' for companies and officials seeking deals

White House economic adviser Larry Kudlow speaks at the SelectUSA Investment Summit in Washington on June 11.   © Reuters

WASHINGTON/LOS ANGELES -- City and state governments in the U.S. remain eager for Chinese investment even as strident rhetoric from Washington and trade war uncertainty kept many delegates from China away from recent trade events.

Just 77 Chinese delegates attended this year's SelectUSA Investment Summit, an economic development conference held by the U.S. Department of Commerce, compared to 101 last year and 155 in 2017. The event was held in Washington over three days in early June.

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