Foreign Direct Investment Deficit - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org Let No Man Take Your Crown Mon, 06 Nov 2023 17:49:47 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 https://www.garnertedarmstrong.org/wp-content/uploads/2024/05/cropped-Screen-Shot-2024-05-16-at-1.06.13-PM-32x32.png Foreign Direct Investment Deficit - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org 32 32 China suffers its first foreign investment deficit as US tensions and anti-spying laws spark a western exodus https://www.garnertedarmstrong.org/china-suffers-its-first-foreign-investment-deficit-as-us-tensions-and-anti-spying-laws-spark-a-western-exodus/?utm_source=rss&utm_medium=rss&utm_campaign=china-suffers-its-first-foreign-investment-deficit-as-us-tensions-and-anti-spying-laws-spark-a-western-exodus Mon, 06 Nov 2023 17:49:47 +0000 https://www.garnertedarmstrong.org/?p=44768 China logged an unprecedented foreign direct investment deficit last quarter in the latest sign that Beijing is facing an almighty battle to revive the world’s second-largest economy after years of harsh zero-COVID lockdowns. Balance-of-payments data published by the State Administration of Foreign Exchange Friday showed that direct investment liabilities, which tracks the flow of money...

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]]> China logged an unprecedented foreign direct investment deficit last quarter in the latest sign that Beijing is facing an almighty battle to revive the world’s second-largest economy after years of harsh zero-COVID lockdowns.

Balance-of-payments data published by the State Administration of Foreign Exchange Friday showed that direct investment liabilities, which tracks the flow of money into non-Chinese companies, fell $11.8 billion over the three months to September 30.

Officials have released foreign direct investment figures each quarter for the past 25 years – and it’s the first time the gauge has turned negative, Reuters reported.

The deficit suggests that western countries and companies are shunning China with Sino-US tensions steadily rising and new anti-spying laws spooking international investors.

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Source: https://www.businessinsider.com/china-economy-foreign-investment-deficit-beijing-xi-jinping-zero-covid-2023-11

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