Fleeing China II: Foreign Divestment Edition

♠ Posted by Emmanuel in , at 11/06/2023 02:04:00 PM
Bing prompt: "Draw a businessman leaving China".Hot on the heels of the previous post about how Chinese are showing at the United States' southern border seeking asylum from increasingly dire economic conditions in the PRC, we get more news of this sort. Just as people are leaving China, so is capital: For the first time its records, the PRC has seen a net outflow of Foreign Direct Investment (FDI). On balance, more FDI is leaving than entering China, once the world's most notable destination for investment. From the Nikkei Asia Review: Outflows of foreign direct investment in China have exceeded inflows for the...