MNI BRIEF: China Must Support Foreign Firms - He Lifeng
China must create more opportunities for foreign firms to deepen their interests in China, Vice Premier He Ligfeng told Singaporean business representatives at a meeting in the Great Hall on Monday, according to Xinhua news.
De-risking and the diversion of capital to the U.S. could see German foreign direct investment into China fall this year to below the pre-Covid level of EUR5.5 billion, a senior trade representative told MNI recently. (See: MNI INTERVIEW:German-China FDI To Fall In 2024 - Snr Trade Rep)
Whilst advisors told MNI warmer China-U.S. relations will not reverse the decline of foreign direct investment anytime soon, and authorities should pursue pro-growth policies to attract hesitant offshore capital. (See: MNI: China Should Buoy Growth To Woo Hesitant FDI - Advisors - Bonds & Currency News | Market News