US-China Trade War Risks Creating ESG Black Hole
The U.S./China trade war may damage ESG investing just as China’s largest private firms and state-owned enterprises are integrating those principles into their operations. China may lose interest in global best practices, leading it to become the black hole of ESG.
The escalating tariff war between the world’s two largest economies isn’t just hurting Chinese investment in the U.S. It may lead China to abandon its baby steps toward adopting ESG principles. Chinese direct investment in the U.S. has plunged 90% — to $5 billion last year from a record $46 billion in 2016, according to […]
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