How Cutting China Investment Could Damage U.S. Interests
A Chinese flag hanging in front of the PricewaterhouseCooper Center in Shanghai last month
Photographer: Qilai Shen/BloombergThis week’s newsletter was written by Bloomberg Senior Editor Chris Anstey. Andrew Browne is away.
“What’s good for General Motors is good for America” was the old saying (slightly misquoted from the 1953 original) about the alleged link between corporate interests—those of the auto giant specifically—and the broader economy. If it were ever true, Congress this week made it crystal clear that it isn’t now, at least when it comes to investing in China.