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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
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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
Christian Le Miere
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,
