China's first deficit in foreign investment signals West's 'de-risking' pressure

A view of the city skyline, ahead of the annual National People's Congress , in Shanghai, China February 24, 2022. Picture taken February 24, 2022. REUTERS/Aly Song/File PhotoSHANGHAI : China recorded its first-ever quarterly deficit in foreign direct investment , according to balance of payments data, underscoring Beijing's challenge in wooing overseas companies in the wake of a"de-risking" move by Western governments.

That's the first quarterly shortfall since China's foreign exchange regulator began compiling the data in 1998, which could be linked to the impact of"de-risking" by Western countries from China amid growing geopolitical tensions. Xie expects China's central bank to continue counter-cyclical interventions - including a strong bias in daily yuan fixings and managing yuan liquidity in the offshore market- to support the currency in the face of these headwinds.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

China pledges to expand market access at annual trade fair amid foreign criticismSHANGHAI, China - China will further expand market access and increase imports, its premier told a trade fair in Shanghai on Sunday, amid criticism from European firms who said they wanted to see more tangible improvement in the country's business environment.
Source: asiaonecom - 🏆 10. / 59 Read more »