China pumps the brakes on U.S. dealmaking after Trump win

Business & Technology

Chinese companies looking to do deals in the U.S. are being advised by lawyers and bankers to take a “wait and see” approach on whether Donald Trump will create a more challenging environment for cross-border business.

Credit: A vendor counts Chinese yuan banknotes in a drawer at a fresh produce market in Shanghai, China, on Sunday, July 3, 2016. The yuan headed for a fifth weekly decline, the longest run of losses this year, amid speculation the central bank favors further depreciation as it seeks to revive economic growth. Photographer: Qilai Shen/Bloomberg via Getty Images