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πŸ‡¨πŸ‡³ China holds rates for a 15th month while foreign capital keeps heading for the door

πŸ‡¨πŸ‡³ China holds rates for a 15th month while foreign capital keeps heading for the door

China's central bank held its benchmark one-year rate at 3.00% for a 15th straight month in August, even as foreign direct investment fell 6.2% year-on-year in July and both retail sales and industrial output missed forecasts.

Hands counting a thick stack of US 100-dollar bills on a counter, with more bundled cash visible in the background.
Actual FDI into China fell 6.2% in the first seven months even as newly established foreign-invested firms rose 4.4% to 37,711, Ministry of Commerce data showed. Source

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