By Joe Cash BEIJING (Reuters) - U.S. and European firms are shifting investment away from China to other developing markets, a report from Rhodium ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Joe Cash
These companies are turning their backs on the world's second-largest economy even as its share of global growth continues to increase, highlighting how concerns over China's business environment, economic recovery and politics weigh heavy on the minds of foreign investors. "Diversification is well underway," the research organisation said, but acknowledging:"it will take years for advanced economies to achieve the objectives behind their 'de-risking' policies," as China is so central to global supply chains.
The shift comes as Chinese local authorities struggle to revive foreign investment after an economically bruising pandemic and property crisis depleted their coffers.
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