China cannot rely on United States (US) business community in China to pressure Washington to temper the current trade war. Foreign companies’ desire to take full control of their securities and financial management companies in China may be impeded by the US-China trade war. US-China trade war forces foreign companies in China at the lower-end of the value added chain to consider all kinds of new strategies. Chinese outward foreign direct investment (FDI) in 2018 rises by 14.1 percent in dollar terms over the same seven month period in 2017. Nissan to deepen its China ties due to uncertainties in the US as well as in Europe relating to Brexit. Daiwa Securities will move to set up majority owned securities unit in China due to the revision of foreign ownership stake limits. South Korea to investigate foreign companies over their practices to protect customer data. South Korea Innovation begins construction of electric vehicle battery factory that will be the first JV involving a Chinese automaker and a foreign battery maker.
