Chinese offshore investment has slumped by more than 40 per cent as Beijing’s efforts to curb capital outflows take effect.
Non-financial Chinese foreign direct investment in the first 10 months of 2017 dropped by 40.9 per cent against the same period a year earlier, a new report from the Economist Intelligence Unit says, citing data from the commerce ministry.
The decline follows decisions by Chinese policymakers last year to restrict outward investment by its companies and to tighten capital controls.
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