OREANDA-NEWS. The investment of American companies in China continues to grow, despite trade differences between the two countries. This was reported on Tuesday by the American business newspaper, citing a study by the Rhodium Group. According to her, US companies invested about $ 6.8 billion in the first half of 2019, which is 1.5% more than in the same periods of the previous two years. Most of this amount comes from projects created from scratch, such as the Tesla factory in Shanghai. However, there has been a slight decline in the information technology sector.

According to the publication, the results of the study differ from the data of the Ministry of Commerce of the PRC, according to which US direct investment fell by 15% in the first half of this year compared to the same period last year. At the same time, as the newspaper emphasizes, the Rhodium Group study takes into account a larger number of projects.

The Committee on Tariffs and Fees under the State Council of the PRC said last week that China, in response to US actions, will raise import duties from 10 September and 15% on US products totaling $ 75 billion from September 1 and December 15, respectively. Since December 15 China will also increase import duties on American cars and spare parts by 25% and 5%, respectively.

Following this, US President Donald Trump announced a decision to increase duties (existing and those that are only planned to be introduced in the fall) on goods from China by 5%. According to the American leader, from October 1, goods from China in the amount of $ 250 billion, which are currently taxed at 25%, will be taxed at 30%. All other products from China in the amount of $ 300 billion, for which the United States planned to introduce tariffs at 10% from September 1, will be taxed at 15%.

The PRC and the United States have been negotiating for the settlement of trade disputes for several months. The last round of negotiations took place in Shanghai on July 30-31. The White House called the meetings constructive and confirmed that the next negotiations are expected to take place in Washington in early September.