Cuts in U.S.-China Money Flow Bleed Tech Dry

Hi folks, it's Shelly in Hong Kong. Washington just zapped more money from Silicon Valley. It issued new rules Monday that give teeth to previous promises to block Chinese and other foreign venture capitalists from investing in U.S. companies involved in critical technology, infrastructure and data.

The pullback was underway: Investment by Chinese VCs in U.S. startups fell by more than half in the first half of 2019 from a year prior, according to a new report by consultancy Rhodium Group.