Desperate efforts to attract Chinese foreign investment as the dollar depreciates

Beijing, Ta. Friday, October 2, 2020

China is opening up its financial markets to foreign investors. China's heart has grown so big that it is not doing so because of the severe shortage of the US dollar.

Foreign investment from China has been steadily declining. The dollar shortage in China began in 2015. China's stock market plummeted in 2015, followed by a slowdown in the Chinese economy. China had to use 1 1 trillion in foreign reserves to stem the declining value of its currency, the yuan. As a result, China's foreign reserves fell from ચાર 4 trillion to ટ્ર 3 trillion.

China has not fully recovered since then. China continues to suffer because of the Vepap war launched by the Trump administration. Since then, the Covid-19 has also hit China's economy hard. Global chain supply has been disrupted and Jinping's dream project has been transformed into a Belt and Road NPA.

Countries including India, USA, Canada and Japan are also looking at companies from other countries instead of Chinese companies to manufacture FiveG and FiveG Plus technology. Global investors sold નના 3.6 billion worth of Chinese shares last quarter in anticipation of Trump returning to power in the United States as investors pull out of China.

Since Trump is blaming China for the Corona virus, he could also impose sanctions on China, such as Iran and Russia, if he returns to power. On the other hand, one Chinese company after another is closing down and the country's financial situation is getting worse as NPAs are rising.