China's foreign investment, trade to face extremely severe challenges, warn officials

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Chinese officials warned that the country’s foreign trade and foreign investment will face "extremely complex and severe" challenges this year due to the coronavirus outbreak.

Foreign direct investment into China shrank by a quarter last month from a year earlier amid the epidemic, underscoring the tough job facing Beijing to woo overseas investment in its slowing economy.

Investment into China fell 25.6 per cent in February in yuan terms from a year ago, after increasing 4 per cent in January, Zong Changqing, head of the ministry’s foreign investment department, said at . . .

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