For subscribers
The geopolitical waters are turbulent but don’t count China out yet
Falling FDI figures are grim but they don’t provide the full picture of how companies are reacting to political pressures.
Sign up now: Get ST's newsletters delivered to your inbox
China is home to the largest, deepest and most advanced manufacturing sector in the world.
PHOTO: AFP
Bert Hofman and Frank Pieke
Follow topic:
Foreign direct investment (FDI) into China was down to US$30 billion (S$40.3 billion) in 2023,
Clearly, attitudes towards investing in China are changing. Numbers from fDi Intelligence, a service that tracks announced FDI deals, suggest that China will continue to lose share in global FDI – and that India, Vietnam, Mexico and others are gaining. Surveys of the European and American chambers of commerce also reveal a growing share of companies that seek diversification away from China.
