Donald Trump has dropped plans to impose new restrictions on Chinese investment in the US, bowing to pro-business advisers within his own administration who warned it would damage the economy by chasing away foreign businesses.
The decision was a blow to China hawks in the White House, who had advocated a new system that would have allowed US regulators to bar Chinese acquisitions in technology and other strategic industries.
Instead, Mr Trump threw his weight behind legislation currently in Congress that would strengthen the existing national security review process, but only at the margins.
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