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Private capital investment in China slowed markedly in the first half of the year, data from the Emerging Market Private Equity Association released Tuesday showed.

By the numbers: Capital invested in China's private markets fell from $15.1 billion in the first half of 2018 to $9.8 billion through June 2019, with deal count across all transaction types in the country declining from 582 to 322 over the same period.

The big picture: Emerging markets broadly have suffered, with private equity and venture capital seeing declines of 10% and 32%, respectively, in the period through June, compared to 2018.

  • However, the decline "was expected," EMPEA said in a release, "given the sheer amount of capital raised in 2018, particularly in Emerging Asia and Latin America."

But, but, but: The trade group representing EM institutional investors, fund managers and industry advisors also cautioned that the "slowdown in private capital investment activity in the first half of 2019 was more pronounced amid rising trade tensions between major economies and a more uncertain global economic outlook."

Go deeper: The world is increasing its investment in Chinese markets

Go deeper

Biden explains justification for Syria strike in letter to Congress

Photo: Chris Kleponis/CNP/Bloomberg via Getty Images

President Biden told congressional leadership in a letter Saturday that this week's airstrike against facilities tied to Iranian-backed militia groups in Syria was consistent with the U.S. right to self-defense.

Why it matters: Some Democrats, including Sens. Tim Kaine (D-Va.) and Chris Murphy (D-Conn.) and Rep. Ro Khanna (D-Calif.), have criticized the Biden administration for the strike and demanded a briefing.

2 hours ago - Health

FDA authorizes Johnson & Johnson's one-shot COVID-19 vaccine for emergency use

Photo: Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

The Food and Drug Administration on Saturday issued an emergency use authorization for Johnson & Johnson's one-shot coronavirus vaccine.

Why it matters: The authorization of a third coronavirus vaccine in the U.S. will help speed up the vaccine rollout across the country, especially since the J&J shot only requires one dose as opposed to Moderna and Pfizer-BioNTech's two-shot vaccines.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios