A deteriorating bilateral relationship and growing regulatory scrutiny have changed the trajectory of capital flows between the United States and China over the past three years. The COVID-19 pandemic threatens to further disrupt two-way investment, as weak Chinese consumption and supply chain risks make U.S. companies re-think their China footprint, and Chinese investors face continued headwinds from domestic restrictions on outbound capital flows and U.S. regulators wary of opportunistic foreign buyers. The National Committee held a virtual event with report authors Thilo Hanemann and Daniel Rosen, both of Rhodium Group; Ker Gibbs, president, AmCham Shanghai; Rebecca Fannin, founder/editor, Silicon Dragon Ventures; and National Committee President Stephen Orlins to launch our new Two-Way Street: 2020 Update report and discuss the latest two-way investment data and analysis on May 11, 2020.