China says has not seen large-scale exodus of foreign capital amid coronavirus outbreak
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[BEIJING] China has not seen large-scale exodus of foreign capital from the country amid the coronavirus outbreak, the commerce ministry said on Thursday, adding that many Japanese firms have expressed a willingness to boost investment in China.
Globalisation has been met with "undertow", but the trend would not change, ministry spokesman Gao Feng told a press conference.
Foreign direct investment into China fell 10.8 per cent in the January to March period due to the impact from coronavirus pandemic, official data showed on Wednesday.
REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
