Foreign Direct Investment in China Plunges 56% in Q1: Nikkei
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Foreign direct investment (FDI) into China dropped by 56% in the first quarter of the year, reaching around $10.3 billion. The decline in FDI is attributed to a weakening economy and deteriorating ties between Beijing and Washington. Factors driving businesses away from China include the ongoing tech and trade war between the US and China, as well as China's new counter-espionage law. FDI into China has been on a downward trajectory since May 2023, with double-digit declines each month. The prolonged decline in FDI could negatively impact the Chinese economy, slow technological innovation, and hinder production capacity.
#ForeignDirectInvestment #China #Economy #TradeWar #CounterespionageLaw
https://www.asiafinancial.com/foreign-direct-investment-in-china-plunges-56-in-q1-nikkei
Asia Financial /
npub1tf…4lkk0
2024-05-11 19:04:50
Author Public Key
npub1tfqzenj4wwscy7hhrs7d9wygkqncl5ywgqlcc32lffwtg5yskruq74lkk0Published at
2024-05-11 19:04:50Event JSON
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"content": "Foreign Direct Investment in China Plunges 56% in Q1: Nikkei\n==========\n\nForeign direct investment (FDI) into China dropped by 56% in the first quarter of the year, reaching around $10.3 billion. The decline in FDI is attributed to a weakening economy and deteriorating ties between Beijing and Washington. Factors driving businesses away from China include the ongoing tech and trade war between the US and China, as well as China's new counter-espionage law. FDI into China has been on a downward trajectory since May 2023, with double-digit declines each month. The prolonged decline in FDI could negatively impact the Chinese economy, slow technological innovation, and hinder production capacity.\n\n#ForeignDirectInvestment #China #Economy #TradeWar #CounterespionageLaw\n\nhttps://www.asiafinancial.com/foreign-direct-investment-in-china-plunges-56-in-q1-nikkei",
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