INSUBCONTINENT EXCLUSIVE:
drop occurred over the first 11 months of 2023
The total investment fell to about 1.04 trillion yuan, equivalent to $146.45 billion.Bloomberg provided a deeper analysis using official
Their findings reveal a more worrying trend.In November, China received 53.3 billion yuan in new foreign capital
This amount shows a 19.5% decline from the previous year.This decline is the most substantial since February 2020
It coincides with the early stages of the COVID-19 pandemic.The pandemic, geopolitical tensions, and a slower economy likely discouraged
foreign businesses from investing.The report continues, highlighting a negative turn in FDI for the third quarter
(Photo Internet reproduction)It suggests companies are less willing to reinvest profits in China
They are likely seeking higher returns elsewhere, especially compared to the U.S.Despite the overall decline, there were some positive
Official data indicates that China established 48,078 new enterprises with foreign investment during this period.As Xinhua News Agency
reports, This is a 36.2% increase from the previous year
Investment in the high-tech sector grew by 1.8% year-on-year.Particularly, the medical equipment and communication equipment sectors
These increases demonstrate a continuing international interest in specific Chinese markets.
