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| China's national flag | Photo: Reuters |
The foreign investment is also leaving the Chinese stock market. China's official statistics say that 45.7 billion or 45.7 billion dollars of investment left the Chinese stock market in November.
Foreign investment in China's capital markets reached 188.9 billion dollars in November, while investors took out 234.6 billion dollars in dividends, according to data from China's foreign exchange management agency on Monday.
The same pattern has been seen not only in the stock market, but also in other sectors of the Chinese economy.
On Monday, China's central bank said that foreign investment in China's stock market fell for the third consecutive month, not just in November. Another estimate by the Institute for International Finance showed that investment in both China's bond and stock markets withdrew last month.
The organization said that the US dollar has risen since Donald Trump was elected US president; along with the rising price of Bitcoin; these factors are reducing foreign investment in the capital markets of developing countries.
China's economy has lost momentum. Despite many efforts, the country's communist government is unable to accelerate the economy. This is the main reason why foreign investment is leaving.
According to daily The Telegraph, foreign investors withdrew a total of $14.8 billion from China in the second quarter of this year, April-June.
This is the second time since foreign investment records began being kept since 1998 that foreigners have withdrawn more money than they have invested. In the first quarter of the year, January-March, China received $10 billion in foreign investment.