China’s top economic planning agency, the National Development and Reform Commission – NDRC – has taken measures to restrict local companies from investing in the U.S., Bloomberg reports, citing people familiar with the matter. Several branches of the agency have been ordered to hold off on approval for firms looking to invest in the U.S., and the move may provide Beijing with greater leverage for potential trade negotiations as the Trump administration is preparing to unveil its tariff plans later today, the report states.
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