ABSTRACT

China's Global Investment Vanishes Under COVID-19   [open pdf - 1004KB]

From the Key Points: "[1] As expected given COVID-19 [coronavirus disease 2019], China's construction and, especially, investment around the world plunged in the first half of 2020. The decline may be exaggerated by Chinese firms not wanting to report global activity, but Beijing's happy numbers are not credible. [2] From what little can be discerned, the Belt and Road Initiative is becoming more important, primarily because rich countries are more hostile to Chinese entities. [3] American policy needs to shift. Incoming Chinese investment is now extremely small, but technology isstill being lost due to lack of implementation of export controls. Growing American portfolio investment in China is unmonitored and may support technology thieves, human rights abusers, and other bad actors."

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2020-07
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2020 American Enterprise Institute for Public Policy Research. Posted here with permission. Documents are for personal use only and not for commercial profit.
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American Enterprise Institute for Public Policy Research: https://www.aei.org/
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