Foreign investment into China dropped for a 4th consecutive month in April.
Inbound investements into China are as low as during the onset of the Covid crisis as the country struggle to attract foreign funds. pic.twitter.com/k8Zvr8NPW5
— Global Markets Investor (@GlobalMktObserv) May 27, 2024
China’s big housing rescue aims to build on smaller efforts that are already under way – and struggling to get traction.
The People’s Bank of China this month unveiled $42 billion of funding to help local governments buy excess inventory from developers. Pilot programs on similar lines have been operating last year in eight cities, but they’ve had limited effect in stabilizing property markets, and apparently managed to deploy only a fraction of the allocated funds.
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