China’s first deficit in foreign investment signals West’s ‘de-risking’ pressure
SHANGHAI: China recorded its first-ever quarterly deficit in foreign direct investment (FDI), according to balance of payments data, underscoring Beijing’s challenge in wooing overseas companies in the wake of a “de-risking” move by Western governments.Onshore yuan trading against the dollar also hit record-low volume in October, highlighting authorities’ stepped-up efforts to curb yuan selling.Direct investment … Read more