Net FDI into the Chinese mainland in Q3 continued to slide, recording its first negative reading since the key economic measure began being compiled 25 years ago, as per State Administration of Foreign Exchange data last month. While the Chinese governments efforts could be setting the stage for a rebound, it may take time, says analysts.
Chinese President Xi Jinping made his first known visit to the nation's central bank since he became president a decade ago, two sources with knowledge of the matter said, as China's economy and financial markets grapple with headwinds. Xi, along with Vice Premier He Lifeng and other government officials, visited the People's Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) in Beijing on Tuesday, the sources told Reuters. The PBOC and SAFE could not be immediately reached for comment outside of business hours.
China News: Chinese President Xi Jinping visited the People's Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) in Beijing, according t