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Title : China Expects No Large-Scale Exodus Of Foreign Capital Due To The Covid-19 Pandemic
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China Expects No Large-Scale Exodus Of Foreign Capital Due To The Covid-19 Pandemic

The Star/Xinhua: China expects no large-scale foreign investment withdrawal amid Covid-19 outbreak

BEIJING (Xinhua): China has not seen and will not see large-scale withdrawal of foreign investment despite the coronavirus impact on foreign businesses in China, the Ministry of Commerce (MOC) said Thursday (April 16).

Foreign firms are still bullish on China, and their confidence and determination in long-term business development in China have not changed, said MOC spokesperson Gao Feng.

No country can arbitrarily change the global supply chains, said Gao, adding that currently, globalisation has been met with undertow, but the overall trend will not change.

China will continue to open its door wider to the world, loosen market access, further expand import, and promote trade and investment liberalisation and facilitation, said Gao.

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Update: China says has not seen large-scale exodus of foreign capital amid coronavirus outbreak (Business Times/Reuters).

WNU Editor:  China is counting on people's greed to not leave. And they are so cocky about it that they are not even hiding their confidence.

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