Foreign corporate investment collapsing in China - Nataxis

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

With the Chinese Yuan depreciating against the US Dollar, keeping the USD/CNY pinned into yearly highs, economists at Nataxis note that things could c

ontinue to deteriorate for the Renminbi as foreign direct investment in China has collapsed recently, sparked by hostility from the Chinese government towards foreign corporate entities and a slumping domestic Chinese economy. Direct investment by foreign companies has completely collapsed, from $400 billion annually in 2020 to just $20 billion in 2023.

Direct investment by foreign companies has collapsed in two years This reflects a sharp deterioration in China's image among foreign companies, which is a consequence of the significant slowdown in the Chinese economy, the Chinese government's increasingly hostile attitude towards foreign companies in China, rising political risk, US and European sanctions against China, and the prospect of higher tariffs on Chinese products in the United States and Europe.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Q&A: How foreign investment in US land affects food securityDavid Ortega, faculty laureate and associate professor in the College of Agriculture and Natural Resources, provided expert testimony to the United States Senate Committee on Agriculture, Nutrition and Forestry's hearing on foreign investment in U.S. agriculture on Wednesday, Sept. 27. The committee is chaired by U.S. Senator Debbie Stabenow of Michigan. Ortega answers questions about his testimony.
Source: physorg_com - 🏆 388. / 55 Read more »