The Waldorf Astoria in New York City is owned by China-based Anbang Insurance Group. Tony Hisgett, Creative Commons China’s effort to acquire resources and technology from abroad has been hampered by its economic slowdown at home and growing hostility to the country’s investments in other parts of the world. And the impact of the Covid-19 pandemic is likely to further dampen Chinese outbound investments for a lengthy period of time, analysts say. China’s global buying spree scooped up icons like New York’s Waldorf Astoria Hotel as well as stakes in Sweden’s Volvo and Wall Street’s Morgan Stanley. At its peak in 2016, outward investment crested at $196 billion. But foreign investment dropped by about 8 percent to $120 billion in 2019, according to the most recent data released by China’s National Bureau of Statistics. It was the third straight down year, signaling a major slump in the country’s overseas ambitions. The decline in Chinese capital flowing into E