Foreign Investment in China Slumped Last Year, Even Some 'Little Pinks' Are Changing Their Minds

FDI or Foreign Direct Investment in China hit a 30-year low last year.China’s direct investment liabilities in its balance of payments stood at $33 billion last year, according to data from the State Administration of Foreign Exchange released Sunday. That measure of new foreign investment into the country — which records monetary flows connected to foreign-owned entities in China — was 82% lower than the 2022 level and the lowest since 1993...The government’s efforts to get overseas companies to return after Covid are falling short, and more will be needed if Beijing is to succeed in its aims. The continuing...