Xi’s China Proves a Hard Sell at Overseas Investment Roadshows
- Local officials seek to attract foreign investment abroad
- Some investors deterred by geopolitics, Xi’s domestic policy
In this photograph distributed by the Russian state agency Sputnik, Xi Jinping in Astana on July 3.
Photographer: Sergei Guneyev/Sputnik/AFP/Getty Images
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Chinese officials are flocking abroad to answer President Xi Jinping’s call to woo foreign capital. Their pitch to investors is being met with doubt, partly due to the policies of their big boss.
That skepticism was on show at a ballroom in a four-star Singapore hotel last week, where officials from Inner Mongolia promoted their region’s rare earths sector to scores of potential investors.