China’s foreign investment sank in January. Can Beijing turn things around? | CNN Business

Inbound investment in China plummeted to a four-year low in January, as the world’s second-largest economy grapples with a flurry of headwinds.

The Ministry of Commerce reported on Wednesday that 97.6 billion yuan ($13.4 billion) in foreign direct investment was utilized last month, a 13% drop from the same period last year.

The weak start to the year came after a steep plunge of 27.1% in total annual foreign direct investment (FDI) last year to 826.3 billion yuan ($113.4 billion). It was the lowest figure since 2016.

“The decline

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