Bloomberg said that an indicator of China's new foreign investment has fallen to the lowest level in the second quarter of this year, which has further worried that the outside world is concerned about geopolitical tensions and the slowdown in economic recovery may damage corporate confidence.
Bloomberg News reported on Tuesday (August 8) that China National Foreign Exchange Bureau released data last Friday (4th). During the period from April to June$ 4.9 billion (S $ 6.574 billion), which was reduced by 87%compared with the same period last year, was the minimum increase in the record since the data recorded in 1998.
Lin Ziqiong, an economist in Faxing Bank Greater China, believes that the decline in foreign direct investment indicators is alert. "This may mean that there are still new investment in", but as companies talk more about "The supply chain is diversified, and some companies have reduced the reinvestment of existing profits. "
Economists also believe that the data of the foreign exchange bureau can reflect the trend of foreign companies' profits and the changes in business scale in China.
It is reported that the number of tariffs in the United States during the trade war has led to rising costs, coupled with the limited channels that have entered China in the past three years, and the geopolitical tensions have intensified, leading to risks by enterprises. China is foreign countries. China is abroad.The attractiveness of investment has weakened.
This year's economic recovery momentum has weakened and further crack down on the confidence of overseas companies.Due to the sluggish demand for Chinese consumers, the profit of foreign companies has recorded a double -digit decline.In addition, companies in China's automobile industry are becoming more and more competitive, and have reduced the sales and profits of foreign companies.Overseas car manufacturers have always been one of the largest investors in China.
The data previously released by the Ministry of Commerce of China showed that from January to June this year, the actual use of foreign capital (FDI) in the country decreased by 2.7%year -on -year, the first decline in three years.
Bloomberg is calculated based on official data that the total foreign direct investment in the second quarter is about $ 41 billion.The data of the Ministry of Commerce of China does not include the reinvestment income of existing foreign companies, and its volatility is much lower than the data of the foreign exchange bureau.
Liu Peiqian, an Asian economist in Fidelity International, said: "Both data shows that foreign direct investment in China has gradually slowed down in recent years, which is in line with China's long -term industrial supply chain upgrade and global supply chain.The trend of diversification. "
