China recorded a foreign direct investment deficit for the first time in the third quarter of 2023. This is proven by: data State Administration of Foreign Exchange Control of the People’s Republic of China.
In the July-September period, foreign direct investment inflow to China decreased by 11.8 billion dollars compared to the same period last year. Experts attribute this to the increasing tension in relations between Beijing and Washington.
Previously published by Bloomberg registeredthat foreign companies are actively attracting capital from China and moving production to other countries. Such decisions are influenced by China’s strict restrictive measures in the technology sector and tightening controls on capital exports.
In addition, China’s economy is lagging behind due to the real estate crisis and slow GDP growth. In August, US President Biden imposed restrictions on investments in Chinese technology companies, which also increased capital outflows.
China’s economy at the end of September guess slow down
Previously in China started Combat capital flight.