$Hang Seng Index (800000.HK)$ Finance｜Foreign Direct Investm...
$Hang Seng Index (800000.HK)$ Finance｜Foreign Direct Investment in China Declines 82% YoY to Lowest in 30 Years in 2023
Data released yesterday (18th) by China's National Foreign Exchange Administration showed that foreign direct investment (FDI) to China in 2023 was $330 billion, down 82% from 2022, the lowest level since 1993.
While FDI rose by $175 billion quarter-on-quarter in the fourth quarter, it was still down by one-third compared to the same period in 2022.
Data released earlier by the Ministry of Commerce showed that China's actual use of foreign capital fell to the lowest level in three years last year.
Bloomberg quoted economists as saying that the bureau's data measure net flows, which can reflect profit trends in foreign firms and changes in the size of Chinese businesses.
Japan-Asia reported that the massive outflow of foreign funds, in addition to the weak Chinese economy, has been linked to the Mainland's emphasis on national security, including the introduction of the anti-espionage law, which has allowed more and more foreign funds to leave China.
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吉祥麒麟 : The Chinese economy still depends on trade export surpluses and imports of foreign investment capital to develop its economy. I can't rely on my ability or size. But how can the world continue to feed this giant?
HA1AH 吉祥麒麟 : Having exchanged paper and coins for cheap daily necessities, how can it be said that the world feeds China? The decline in the Chinese and Hong Kong stock markets was due to the inability to get rid of their dependence on the US dollar. After all, the world after World War II was a dollar world
THEWIZARD HA1AH : Inevitably the sun will set in the west.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
THEWIZARD 吉祥麒麟 : Real giants know how to take good self care, feed themselves and assist others that are in real needs, no strings attached.