"China's Foreign Direct Investment Hits 30-Year Low in 2023"

China recorded the lowest level of foreign direct investment since 1993, with new investment dropping by 82% in 2023 compared to 2022. This reflects the impact of Covid lockdowns and a weak recovery. Foreign companies are pulling money out of China due to geopolitical tensions and higher interest rates elsewhere, with Japanese, Taiwanese, and South Korean firms reducing investment. However, German companies reached a record level of investment in China, demonstrating an eagerness to expand in the country despite increased scrutiny from the European Union.