- Direct foreign investment into China dropped 23% YoY in April to $5,892 billion.
- Actual direct foreign investment between January di April fell 21% to $27.669 billion.
- This 23% in April was followed by a 9.5% drop in March.
- But this YoY drop came from the highest 2008 peak that surged nearly 53% IN April.
- April’s decline in exports also showed that growth in industrial production declined.
Personally, this comes as no surprise as most of the developed countires are having their own problems trying to fix their own economies. Just like the United States, private investments are on a decline and investors are still flocking to safe haven plays such as treasuries when ever there’s a hint of hopelessness in the market.
It is up to the Chinese government to bring the Chinese economy back to sustainable growth. Which was evident from earlier data that state controlled investments rose 30.6%. Showing strong levels of infrastructure activity.
Source: WSJ
0 comments:
Post a Comment