See below.
⇒Reference/Source: China’s Ministry of Commerce official website, “Ministry of Commerce’s Foreign Assets Department Responsible Person Introduction to Nationwide Foreign Asset Absorption Situation from January to June 2024”
In the first half of 2024, foreign investment was 498.91 billion yuan, down 29.1% from the same period last year. But it’s okay — that’s the document.
As I’ve said many times before, China, from the top, General Secretary Xi Jinping, to Premier Li Qiang, the Ministry of Commerce, the Ministry of Foreign Affairs, and everyone from top to bottom, is telling a big lie: “It’s a chance to invest in China!”
In essence, they are begging for “put money into China. Give us money.” But the Chinese Communist Party is above the law, and no one is stupid enough to invest in a country where they don’t know what they’ll do.
The “30% decrease in foreign direct investment in China” is a big number, but that’s not all. The situation is much more serious.
Direct investment in China has decreased by 90%!
The data released this time is for the first half of 2024, but the amount of foreign investment in China has dropped dramatically.
The quarterly change in the amount of direct investment from the first quarter of 1998 to the first quarter of 2024* is as follows.
*It is recorded in the direct investment liabilities section of the “financial balance” in the balance of payments statistics.
*The data source is “China’s Balance of Payments Statistics” by the State Administration of Foreign Exchange of China.
To make it easier to understand, we will cut out the period from the first quarter of 2019 before COVID-19 to the first quarter of 2024, and it looks like this.
*Data source: China’s State Administration of Foreign Exchange, “China’s Balance of Payments Statistics.”
In the first quarter of 2022, when there was hope that the COVID-19 lockdown would end and the Chinese economy would recover, direct investment in China, which was $107.2 billion, has fallen sharply since the second quarter.
In the third quarter of 2023, it recorded a negative figure of -$12.1 billion.
A negative figure in the liability section indicates that foreign investors were taking more money out of China than they were putting into China in terms of direct investment. At least what was positive has finally taken money out of China this quarter.
In the most recent first quarter of 2024, it was only $10.2 billion.
Compared to the first quarter of 2022, it’s only 9.5%. In other words, compared to the first quarter of 2022, direct investment in China has decreased by 90%.
This is why Xi Jinping and everyone from top to bottom are crying out for money.
(Yoshida Hunting @dcp)
*Related thread
[Breaking news] China announces 4.7% GDP growth rate for April-June, slowing from 5.3% for January-March, no unusual press conference… [7/15] [Insect Encyclopedia★]
Isn’t it Germany that has a lot left?
I think I saw an article before COVID where the Japanese media was making fun of Japan, saying that Germany had filled the gap left by Japan.
Well, the one who would be in trouble would be Japan, which has been supported by China.
China can make a living from its interests in Sri Lanka, etc.
Well, most of the imports from China are smartphones and clothing.
Unlike oil, these are easily replaceable.
Huh?
Isn’t it true that Japan doesn’t need to earn foreign currency because it makes money through investment?
So >>29 is wrong, right?
You don’t understand what >>29 is saying
29 is saying that the problem is “waiting for overseas investment”
I’m saying that Japan “invests overseas and the profits come in as foreign currency.”
China is the one that receives overseas investment, and Japan is the one that invests overseas
They’re completely different, but you’re lumping them together lol
Can’t you tell the difference between being the investor and being invested in?
Isn’t that what they mean by relying on overseas investment?
The spirit of a yangban who makes a living from investing and getting what he earns
After being called out by an expert, I ended up begging for my life with a game of rock-paper-scissors (lol)
So China is also investing in Japan, right? They’re called the Red Ships, right?
You guys seem to be too scared of “We’ll be occupied by China” to take it in
But here’s a line
Laox
Honma Golf
Yostar
Moreover, foreign governments use the money invested by Japan to commission Japanese companies to build infrastructure, so there is little risk of losing money.
China and South Korea copied this model.
However, they have lost the trust of the world due to their outrageous interest rates and failed infrastructure projects.
Invest, but there are restrictions on taking things out
But it’s China…
If there was such promising land left undeveloped, why would they go to the trouble of cutting through the Himalayas?
Comments