China sees more outflows of foreign direct investment than inflows: Report

Beijing [China], November 5 (ANI): China, for the first time, has seen more outflows of foreign direct investment than inflows as tensions rise with the US over semiconductor technology and concerns about a rise in anti-spying activity heighten risks, Nikkei Asia reported. The State Administration of Foreign Exchange released the figures in balance-of-payments data for the July-September quarter on Friday. FDI reached minus USD 11.8 billion, with more withdrawals and downsizing than new investments for factory building and other purposes. It is the first time that a negative figure has been ma…

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