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Economy

Foreign investment in China slows as labor, land costs weigh

Capital controls slammed brakes on spending in December

Chinese overseas investment plummeted 51% in December after the People's Bank of China enacted controls to curb capital flight.

BEIJING -- Foreign direct investment into China fell in 2016 for the first time in four years as pricier labor and real estate eroded potential profits, a trend now compounded by capital controls aimed at propping up a softening yuan.

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