As trade war stiffens, Chinese private firms shun US investments, IPO - survey

As trade war stiffens, Chinese private firms shun US investments, IPO - survey

Shanghai, China. Photo: Kin Li

Chinese private firms are shunning the United States in their overseas expansion, and generally prefer a home listing to a U.S. initial public offering (IPO), a private survey showed on Tuesday, highlighting the trade war’s impact on executive decision-making.