China's economy has a Xi Jinping problem, as foreign investment dries up

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

China is telling anyone who'll listen it's open for business again – but its economy has a Xi Jinping problem

The government has also carried on imposing harsh capital controls that make it tough for foreigners to get their money out of the country – with emerging markets guru Mark Mobius saying earlier this year that he'd be"None of Xi's authoritarian, hardline rule speaks to a"commitment to opening

up" – so despite its renewed efforts to woo the West, China probably shouldn't count on foreign investment bouncing back anytime soon.Subscribe to push notificationsNOW WATCH: The economist that predicted the housing crisis warns the Fed is engaging in behavior that's almost always caused a recession

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:

 /  🏆 729. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines