Bloomberg: Boom time over for China!
From Bloomberg, via Financial Express:
“When China joined the World Trade Organisation in 2001, this signaled to investors that reform in China was going in one direction,” said Tim Condon, chief Asia economist for ING Bank in Singapore, before the figures were released. “Foreigners all of a sudden wanted to invest a lot of money and capital inflows into China began to surge.”…
Falling investment suggests that boom may be over. Companies from South Korea, China’s third-largest source of actual foreign investment last year, according to Chinese data, invested 14 per cent less in the country in the first quarter because of falling investment by the electronics industry, according to South Korea’s Ministry of Finance and Economy.
