Foreign Investors Pull Record Amount of Money From China
- Overseas firms pull $15 billion from China in second quarter
- Chinese firms invest record $71 billion overseas at same time
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Foreign investors pulled a record amount of money from China last quarter, likely reflecting deep pessimism about the world’s second-largest economy.
China’s direct investment liabilities in its balance of payments dropped almost $15 billion in the April-June period, marking only the second time this figure has turned negative, according to data from the State Administration of Foreign Exchange released Friday. It was down about $5 billion for the first six months.