CHINA-ECONOMY: CHINA'S SOE'S RESTRICT FOREIGN TRANSACTIONS

The American Enterprise Institute in a report in July 2019 stated that China’s investment and construction around the world plunged in the first half of 2019 and is unlikely to return to 2016–17 levels in the foreseeable future. The principal cause is fewer large transaction by state-owned enterprises. These firms rely on foreign currency provided by Beijing for global activities, and hard currency may be rationed indefinitely. It, however, claimed there are some bright spots. The raw number of investments held up better than transaction size. The private share of China’s global investment climbed, and the greenfield share rose sharply. Investment in the Belt and Road Initiative outperformed that in traditionally favoured rich economies such as Australia.





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