U.S. President Donald Trump attends Young Black Leadership Summit at the White House in Washington, U.S., October 4, 2019. REUTERS/Yuri Gripas
WASHINGTON: The Trump administration is moving ahead with discussions around possible restrictions on capital flows into China, with a particular focus on investments made by U.S. government pension funds, people familiar with the internal deliberations said.
The efforts are advancing even after American officials pushed back strongly against a Bloomberg News report late last month that a range of such limits was under review.
Trump officials last week held meetings on the issue just hours after White House adviser Peter Navarro dismissed the report as "fake news, ” and zeroed in on how to prevent U.S. government retirement funds from financing China’s economic rise, the people said.
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