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Growth in China has been slowing since the authorities cracked down on the country’s formerly high-performing tech and property sectors in 2020.
Sentiment among businesses, including foreign ones, was further dampened during the Covid-19 pandemic due to China’s strict rules that were lifted only in December 2022. This was compounded by growing US-China trade and tech tensions, which started in President Trump’s first term from 2017 to 2021.
Foreign direct investment in China plunged by 99 per cent over the past three years, official data showed in February.
Sentiment among businesses, including foreign ones, was further dampened during the Covid-19 pandemic due to China’s strict rules that were lifted only in December 2022. This was compounded by growing US-China trade and tech tensions, which started in President Trump’s first term from 2017 to 2021.
Foreign direct investment in China plunged by 99 per cent over the past three years, official data showed in February.