Posted 11/6/2023, 4:31:00 AM
China Sees First Quarterly FDI Deficit as Outflows Rise and Yuan Volumes Fall
- China recorded first-ever quarterly deficit in foreign direct investment (FDI)
- Underscores challenge for Beijing to woo overseas companies amid "de-risking" by Western governments
- Weakness in FDI may be due to multinationals repatriating earnings and interest rate differentials
- Yuan trading volume hit record low in October, highlighting efforts to curb selling
- Outflows from China rose sharply to $75 billion in September, biggest since 2016