Foreign companies are increasingly pulling out of China, reflecting investor pessimism despite recent government stimulus measures aimed at boosting economic growth.
According to data, China's direct investment liabilities fell by $8.1 billion in the third quarter and nearly $13 billion over the first nine months of this year.
Many foreign companies, particularly automakers and tech firms, are scaling back operations in China due to the competitive market and geopolitical concerns, resulting in a potential historical net outflow.
The Chair of the American Chamber of Commerce in Shanghai highlighted how 'geopolitical tension' hinders large investments while noting an uptick in small to medium investments.
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