1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

Foreign investment into China drops due to weaker Yuan

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Mumbai) - A weaker Chinese Yuan is taking its toll on the foreign investment into China.

    The latest data shows FDI into China fell 5.8% in December from a year earlier to CNY 77 billion (USD 12 billion), while outbound non-financial investment climbed 6.1%.

    The data contradicts popular opinion that the Yuan’s inclusion into SDR and a more market determined exchange rate would make Chinese assets more attractive to foreign investors.

    The CNY fell to a five-year low last week, bringing its drop over the past year to almost 6%.
    For more information, read our latest forex news.
     

Share This Page