BEIJING -- Foreign direct investment in China plunged 99% over the past three years, Chinese government data shows, as an economic slowdown and concerns about an intensifying anti-spying campaign drive companies away.
Balance of payments data released Friday showed new investments narrowly outpacing capital withdrawn for a net inflow of $4.5 billion in 2024, falling roughly 90% from 2023 to the lowest level in 33 years. Last quarter saw net inward FDI turn positive to the tune of $17.5 billion after two quarters of outflows between April and September.
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