US analysts have warned of severe repercussions for US-China economic relations if Washington enacts a planned sweeping legislative proposal for industry-specific restrictions regarding American investments in China. The so-called National Critical Capabilities Defense Act (NCCDA) could negatively impact US-China investment relations and the competitiveness of US companies in the People’s Republic, the analyst group of the National Committee on United States-China Relations and the Rhodium Group wrote in a report released on Wednesday. Future investments by US companies in China could decline sharply, the report stresses. Existing business activities were also at risk of facing greater pressure as a result
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