The hottest thing in global economics is an oldie but a goodie. This market darling is enjoying enviable growth and sucking in capital from around the world. It possesses a vibrant labour market and a currency that’s not just a store of value, but increasingly seen as an ascendant strategic asset. And it’s not the China of yesteryear.
The US attracted almost one-third of investment that flowed across borders since the pandemic erupted, a marked increase from the pre-Covid average of 18 per cent, the IMF numbers showed. China’s slice dipped to 3 per cent, a bit less than half what is was in the decade through 2019. That jives with data from Beijing: Foreign investment slowed for a fourth month in April and is down 36 per cent from the same period a year earlier.
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Source: 7NewsSydney - 🏆 16. / 63 Read more »