FDI inflows to China slow to a crawl: Foreign direct investment in China in 2023 hit itslowest level in three decades on the back of slow post-pandemic recovery and a spiraling property crisis, writes the Financial Times.

By the numbers: Direct investment liabilities — a gauge that measures foreign capital inflows — were down 82% y-o-y in 2023 at USD 33 bn — its lowest since 1993, according to government data cited by the salmon coloured paper.

But it’s not just the economic crisis driving investors away: Beijing has cracked the whip on foreign consultancies in recent months to prevent them from sharing basic information — such as in a televised police raid of NYC-based Capvision — alleging “national security” concerns. The crackdown has made it difficult for foreign investors to access needed information on potential acquisitions or suppliers.

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