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Foreign Investment In China Drops Most Ever As Xi’s Pitch Falls Flat
Xi Jinping wants foreign investors and corporates to believe China's still a good place to invest -- that the country's still "opening up," and that contrary to the Party's track record under his "leadership" (read: iron-fisted rule), Beijing welcomes foreign capital.
Some folks (more folks, it would seem) are skeptical. The latest data from SAFE showed another negative print on the inbound foreign direct investment series, the second in four quarters. Both of the two declines occurred over the
China had a good scam going, quietly cheating the global order out of growth in exchange for cheap junk at Walmart. There’s always some guy that needs to puff his chest out though, to play tough guy and ruin everything.
We had the hubris to believe we’d turn China into a democracy, when really, by hallowing out the middle class, China was setting us up for the never ending nightmare we’ve been living since 2016, with a draft-dodging ex that just won’t go away.
If Xi really wanted to be great, he would have pushed that game as far as he could have taken it, but ego gets in the way.
Yes, China was doing very well with the quiet approach, market penetration lubricated so well by promises of foreign profits that the penetrees protested barely. Xi went and messed it all up with his aggressive posturing and misguided embrace of Putin.