In China, we saw the Renminbi tick up to 7.24 against USD last week. The only data release of note showed a further 27% drop in annualised Foreign Direct Investment as China continues to struggle to convince global markets that it is a viable place to invest their money.
Published on 28 May 2024
China's currency gain contrasts sharply with a significant 27% drop in Foreign Direct Investment and escalating military drills around Taiwan, highlighting the nation's struggle to attract global investment amidst rising regional instability.
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