Foreign firms pull more money from China’s slowing economy

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The story "Foreign firms pull more money from China’s slowing economy" was covered 1 weeks ago by The Straits Times, a news publisher based in Singapore.

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The Straits Times 1w ago

Foreign firms pull more money from China’s slowing economy - The Straits Times

Quick Summary:

BEIJING – Foreign companies pulled more money from China last quarter, a sign that some investors are still pessimistic even as Beijing rolls out stimulus measures aimed at stabilizing growth.

Chinese companies such as BYD Co.have been rapidly increasing their overseas footprint to secure raw materials and build up production capacity in foreign markets.

In the third quarter, Chinese firms increased their overseas assets by about US$34 billion, according to the preliminary data.