All this money leaving China is spooking the country

Beijing has been eager to lure foreign investors back to China, but capital controls, political risk and diminishing returns may be overriding deterrents.

Employees work at an assembly line of a Wuling Motors factory in Qingdao, in China's eastern Shandong province on March 1, 2023. PHOTO: AFP
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Chinese President Xi Jinping wants your money.

Well, perhaps not your money specifically, but certainly overseas money. In the wake of 2022’s disappointing economic performance, amid Covid-19 lockdowns and protests, Beijing is keen to entice foreign investment back into China.

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