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Trade war

Washington hawks take China fight to Wall Street

Trade tensions spill over into capital markets

NEW YORK/SHANGHAI -- Capital markets have turned into another battleground for the trade war as hard-liners in Washington seek a clampdown on Chinese businesses while Beijing loosens investment restrictions to draw money from the U.S. and beyond.

An anti-China group co-founded by Steve Bannon, formerly a senior adviser to U.S. President Donald Trump, recently decried a government pension fund's policy change that will involve buying Chinese equities starting in 2020.

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