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Yuan loses core support as firms leave China

Yuan loses core support as firms leave China
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Analysis: Yuan loses core support as firms leave China | Taiwan News

Analysis: Yuan loses core support as firms leave China | 2023-08-08 09:19:35 ....

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Analysis-Yuan loses core support as firms leave China

Since China opened to foreign investment in 1978 under Deng Xiaoping, global firms have ploughed in hundreds of billions of dollars to buy and build factories for market access and cheap labour, bolstering the Chinese currency. A gentle downtrend in foreign direct investment gave way to a steep drop last quarter and inflows to China slammed to their lowest since records began 25 years ago, raising the prospect that the long-term trend is turning. Corporate leaders and their advisers say a shift is under way and the political concerns behind investment decisions are long term, which leaves the yuan facing pressure from what was long one of its staunchest supports. ....

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Yuan loses core support as firms leave China

Since China opened to
foreign investment in 1978 under Deng Xiaoping, global firms
have ploughed in hundreds of billions of dollars to buy and
build factories for market access and cheap labour,. ....

Yangtze River , China General , New South Wales , Lee Smith , Samuel Shen , Jacqueline Wong , Deng Xiaoping , Tom Westbrook , John Ramig , Baker Donelson , Logan Wright , Daniel Seeff , China State Administration Of Foreign Exchange , Ministry Of Commerce , China Markets Research , Rhodium Group , State Administration , Foreign Exchange , Foot Cardigan , Asset Management , Hong Kong , Winni Zhou ,