Foreign Direct Investment in China plunges to worst in 30 years

News Snapshot:

Reports say companies are pulling out or are not interested in investing in China anymore due to tougher crackdowns on spying and US sanctions China’s economy has received another major blow after investment in the country from foreign businesses sunk to the lowest level in 30 years. The data released by the State Administration of Foreign Exchange showed the FDI in China has slumped to the lowest level since 1993. China’s FDI lowest in three decades China’s FDI figures released on Sunday showed investment by foreign corporations to the country totaled $22 billion on a net basis in 2023, a...