Reported 9 months ago
China's economy continues to struggle, with controversial laws like the 'Anti-Spy Law' revised and surprise inspections on multiple foreign companies causing reluctance from foreign investors to invest in China. Despite Premier Li Keqiang's call for increased investment, foreign investment has decreased by 15% from January to May, with some citing concerns over increased scrutiny and lack of concrete measures from the Chinese government. Li remains confident in achieving a 5% GDP growth for 2024, emphasizing the importance of stable growth through foreign investment while addressing challenges such as overcapacity in industries like electric vehicles and solar panels.
Source: YAHOO