Direct investment in China decreased by more than 80% from last year, lowest level in 30 years. This is due to growing uncertainty about the future of the economy. The slump in the real estate market, tightening restrictions on foreign companies such as the enforcement of the revised anti-espionage law, and the US government's concerns over cutting-edge technologies such as semiconductors. A survey released in January by an organization made up of Japanese companies expanding into China found that nearly 50% of member companies plan to reduce investment.
State Administration of Foreign Exchange: China's green finance market is among the largest in the world. Lu Lei said in a written speech at a COP5 (the 5th Conference of the Parties to the United Nations Framework Convention on Climate Change) held in Dubai, United Arab Emirates on the 28th. He said the banking sector is the main force driving the development of green finance in China. He pointed out that the transformation of China's real economy has brought huge demand for green and low-carbon investment and financing.
Intelligent Living Application Group Inc. Announces First Half 2023 Unaudited Financial Results Hong Kong, November 30, 2023 Intelligent Living Application.