INVESTMENT in China by companies based abroad has sunk to the lowest level in 30 years, according to official data, reports Nikkei Asia.
This is another sign that foreign corporations are leaving China due to tougher crackdowns on spying and US sanctions, said the report.
China's foreign direct investment totalled US$33 billion on a net basis in 2023, according to the State Administration of Foreign Exchange, down about 80 per cent from 2022.
The figure was positive as new investment surpassed outflows. But fdi declined for the second straight year and is less than 10 per cent of the peak of $344 billion marked in 2021.
Inflows exceeded outflows by $17.5 billion in the October-December quarter. This followed the first-ever net outflow recorded in the prior quarter.
SeaNews Turkey
This is another sign that foreign corporations are leaving China due to tougher crackdowns on spying and US sanctions, said the report.
China's foreign direct investment totalled US$33 billion on a net basis in 2023, according to the State Administration of Foreign Exchange, down about 80 per cent from 2022.
The figure was positive as new investment surpassed outflows. But fdi declined for the second straight year and is less than 10 per cent of the peak of $344 billion marked in 2021.
Inflows exceeded outflows by $17.5 billion in the October-December quarter. This followed the first-ever net outflow recorded in the prior quarter.
SeaNews Turkey
