China Faces Historic Investment Deficit as Tensions with West Deter Foreign Firms
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China recorded its first ever foreign investment deficit last quarter as tensions with the US and new anti-spying laws deter western companies.
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Rising Sino-US tensions and Biden's limits on investing in Chinese tech have fueled a western corporate exodus.
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Beijing is battling faltering growth, deflation threats, and a crisis in the real estate sector.
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The government's harsh COVID lockdowns, capital controls, and crackdown on foreign firms have alienated investors.
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Major developers like Evergrande and Country Garden defaulting point to deep problems in China's property market.