Foreign Direct Investment in China Shrinks Nearly 20 Percent

Published on March 23, 2024

Foreign investment continues to withdraw from China amid its slumping economy, despite the ruling Chinese Communist Party (CCP) having put out new incentive measures. The CCP’s Ministry of Commerce released new data on March 22, showing that foreign direct investment (FDI) flowing into China from January to February was 215.1 billion yuan ($30 billion), a fall of 19.9 percent year-on-year. The FCI in China has been falling for the eighth consecutive month. The decline was significantly larger than the number released in January, an 11.7 percent fall from the same time last year. The Ministry of Commerce tried to downplay the sharp fall, saying on Friday that the latest data was dwarfed by the record-high level a year earlier, adding that “foreign investment is a market behavior and data fluctuations are normal and in line with market rules.”...

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