While global foreign investment dips, China is bucking the trend with a focus on 'new quality productive forces' โ think cutting-edge tech, green energy, and smart manufacturing. ๐ฑ๐ก According to a UN report, worldwide foreign direct investment fell 2% to $1.3 trillion in 2023, but eyes are turning to China's strategic moves.
Why the global slowdown? ๐ง
Two factors: sluggish economic growth (just 2.6% in 2024 vs. pre-pandemic averages) and geopolitical tensions. Companies are hitting pause on big overseas bets, while some countries push 'deglobalization' policies that disrupt supply chains. ๐โ๏ธ
China's counterplay: ๐ฏ
Despite challenges, China is channeling investment into next-gen sectors like AI, biotech, and renewables. Analysts say this shift toward high-value industries could redefine global economic maps โ and young professionals worldwide are watching closely. ๐ฉ๐ป๐
Reference(s):
Foreign investment expands in China for new quality productive forces
cgtn.com