China’s global investment vanishes under COVID-19
- Derek Scissors
- Content Type
- Special Report
- American Enterprise Institute for Public Policy Research
- As expected given COVID-19, 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.
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.
American policy needs to shift. Incoming Chinese investment is now extremely small, but technology is still 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.
- Foreign Policy, Investment, COVID-19
- Political Geography
- China, Asia, North America, United States of America