US firms shift focus away from China as investment destination: Report

Washington [US], September 12 (ANI): US firms are shifting investments out of China as confidence plunges following slow export growth, drowning debt in the world's second-largest economy.

China now no longer remains a preferable destination of investment for companies based in the United States. The country has now hit a record low on business coming from the US due to its worsening bilateral ties and slowing economic gr