Reported 7 days ago
China's overseas investment surged to a record high of approximately $71 billion in the second quarter of 2024, marking an 80% increase from last year. This growth, primarily driven by companies in electric vehicles and solar energy, indicates a shift towards global factory-building by Chinese firms, which may ease trade tensions. However, economists question the authenticity of this data, suggesting it could be inflated by non-operational capital. Meanwhile, foreign investment in China has seen a significant decline, further complicating the country's economic landscape.
Source: YAHOO