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☆ Fate of US Steel’s deal with Japan’s Nippon is now up to Biden, sources say
▼ + stars: | 2024-12-23 | by ( Kayla Tausche | ) edition.cnn.com time to read: +3 min

Customarily, a final report from the committee informs a president’s view of the potential risks a deal poses. Treasury chairs the committee, which is composed of high-level officials from the president’s Cabinet agencies who are responsible for areas of national security. Both US Steel and Nippon have maintained that the deal poses no national security threat. To secure approval for the deal, Nippon pledged to invest billions of dollars in US Steel’s business in critical states. Even if Biden chooses that option, Trump could block the deal when he takes office.

Persons: Joe Biden, Biden, Kamala Harris, Donald Trump, CFIUS, ” CNN’s Chris Isidore Organizations: CNN, US Steel, Nippon, Washington Post, for Foreign Investment, Steel, China –, US Justice Department, United Steelworkers, Trump, U.S Locations: American, United States, Cleveland, China, shoring, Pittsburgh, Gary , Indiana

☆ Wealthy Americans apply for foreign investment visas & passports at record levels
▼ + stars: | 2024-11-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWealthy Americans apply for foreign investment visas & passports at record levelsCNBC's Robert Frank joins 'Squawk on the Street' to discuss why wealth Americans are seeking foreign residency and investment applications during the election.

Persons: Robert Frank

☆ China eases rules for foreign investment in listed companies
▼ + stars: | 2024-11-02 | by ( ) www.cnbc.com time to read: 1 min

Statues of bulls in Pudong's Lujiazui Financial District in Shanghai, China, on Monday, Oct. 21, 2024. China issued revised regulations on Friday for foreign investors in its listed companies, expanding eligibility criteria and easing financial requirements in a bid to attract more foreign investment. Under the new regulations, China will allow foreign individuals to invest strategically in listed companies, the Ministry of Commerce said in a statement. The asset threshold for non-controlling foreign investors has been lowered, now requiring $50 million instead of $100 million. The country will also add tender offer as an approved investment method, along with private placement and negotiated transfer, the statement said.

Organizations: Ministry of Commerce Locations: Lujiazui, Shanghai, China

☆ India has emerged as one of the best global markets for the long haul. Here are the drivers—and how to play the rally
▼ + stars: | 2024-10-02 | by ( Pia Singh | In | ) www.cnbc.com time to read: +7 min

India's recent stock market surge has investors viewing the country as an emerging market poised for long-term outperformance. The India NSE Nifty 50 Index , the country's domestic stock market benchmark, has soared 18.7% this year, hitting record levels. "The data show that, historically, the Indian market has offered robust returns with reduced volatility." Going back to 2015, INDA has seen bigger annual gains and smaller declines than the broader emerging market fund. How to play the Indian market Financials are among investors' favorite spots in India's booming stock market.

Persons: It's, Malcolm Dorson, Dorson, GlobalX, Russell, —, EEM, INDA, Amr Abdel Khalek, Khalek, Jerome Powell, Venugopal Garre, Krishna Mohanraj, You've, Mohanraj Organizations: India NSE, Global, CNBC, U.S, Federal, Fed, Nasdaq, China, MRB Partners, Traders, Barclays, Diamond Hill Capital Management, HDFC Bank, ICICI Bank, Axis Bank, ICICI, HDFC, Whitehaven Coal, Prestige Estates Locations: India, China, Dorson, U.S, Whitehaven

☆ Many 'doubted the vision': Saudi investment minister touts 'green shoring' on path to diversification
▼ + stars: | 2024-09-08 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Saudi Minister of Investment Khalid al-Falih pushed back against skepticism over the country's economic diversification plan, as Riyadh touts "green shoring" investment opportunities to woo foreign financing. The Saudi minister on Saturday said that, eight years into manifesting Vision 2030, the kingdom is now "more committed, more determined" to the program and has already implemented or is about to complete 87% of its targets. The number of foreign investment licenses issued in Saudi Arabia nearly doubled in 2023, the IMF noted, with government data pointing to a 5.6% annual increase in net flows of foreign direct investment in the first quarter. Concerns have nevertheless lingered over the potential uncertainty and unpredictability of the kingdom's legal framework and its dispute resolution system for foreign investment. Al-Falih insisted that Saudi Arabia boasts predictability, as well as domestic political and economic stability.

Persons: Khalid, Falih, CNBC's Steve Sedgwick, Mohammed bin Salman's Organizations: International Monetary Fund, IMF Locations: Saudi, Riyadh, Cernobbio, Italy, U.S, Saudi Arabia

☆ Neom's push for foreign investment is getting trickier after allegations of Saudi brutality
▼ + stars: | 2024-05-13 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Saudi Arabia needs foreign businesses to help it realize its Neom megacity project. The BBC reported that Saudi officials were given a license to use lethal force to clear land. But underneath the image is a far darker reality, say campaigners, which could threaten the foreign cash and expertise Saudi Arabia needs to realize its ambitions. Though his decision took place in 2022, it was given new urgency by a whistleblower giving more detail on how Saudi officials may have acted. Amnesty International said businesses ought to be wary of doing deals in Saudi Arabia and called for UK officials to push for an independent investigation into the Neom land clearances.

Persons: —, Malcolm Aw, Col Rabih Alenezi, Dana Ahmed, Mohammed bin Salman, Jamal al, Neom Organizations: BBC, Saudi, Service, UN, Telegraph, Amnesty International, Amnesty, Politico, The Atlantic Council, Business Locations: Saudi Arabia, Saudi

☆ ‘Cabs to get into space’: How this Indian startup wants to revolutionize satellite space travel
▼ + stars: | 2024-04-23 | by ( Amy Gunia | ) edition.cnn.com time to read: +7 min

But its private sector has played a limited role in space exploration, acting mostly as suppliers and vendors for its national space agency, the Indian Space Research Organization (ISRO). “Very few companies globally are able to make it to orbit yet.”Pawan Chandana, the co-founder of Skyroot Aerospace Skyroot Aerospace Pvt. As Indian space startups mature over the coming years, he expects the government to become a customer, enabling further growth. Many private space companies source income from governments, including Space X, which has raked in billions of dollars from US government contracts. In November 2022, Skyroot Aerospace launched India's first privately built rocket, Vikram-S. Skyroot Aerospace Pvt.

Persons: Vikram, ” Pawan Chandana, “, Pawan Chandana, Narendra Modi, ”, Susmita Mohanty, Skyroot, Chandana, ridesharing, Kari Bingen, Modi, Mohanty Organizations: CNN, Indian Space Research Organization, ISRO, Elon, SpaceX, Skyroot Aerospace, Skyroot Aerospace Skyroot Aerospace, . Ltd, McKinsey & Company, Economic, ’, LEO —, Vikram Sarabhai, Aerospace Security, Center for Strategic, International Studies, Deloitte, India’s, NASA Locations: India, United States, Hyderabad, Thiruvananthapuram, Singapore

☆ Nigeria wants a road to rival the Pacific Coast highway. Landmark Beach stands in the way
▼ + stars: | 2024-04-05 | by ( Nimi Princewill | ) edition.cnn.com time to read: +7 min

The beach resort and other sections of the Landmark site on the coastal right of way are billed to be pulled down, a government notice seen by CNN states. “People who bring in money to make cities like this effective will be very concerned (with the proposed demolition of the beach resort). Environment consultant Adeodun is urging authorities to conduct thorough environmental and social impact assessments before tearing down coastal businesses for the superhighway. “I understand that the original right of way for the road did not pass through Landmark Beach… Perhaps, revisiting the routes to ensure minimal environmental damage and preserve local businesses should be strongly considered,” he added. For Onwuanibe, the coastal highway, once rethought, should serve as a blessing for thriving businesses situated along the coast rather than a curse.

Persons: Paul Onwuanibe, –, Onwuanibe, Temitope Ajayi, ”, Ajayi, Similade Adeodun, ” Onwuanibe, “ We’ve, Adeodun, ” Adeodun, “ Organizations: Nigeria CNN —, CNN, Landmark Group, Lonely, Lagos State Ministry of Physical, Urban, “, Landmark, Landmark Realty Limited, Nigerian Economic Summit Locations: Lagos, Nigeria, Calabar, Cameroon, Victoria, Ireland, United States, Victoria Island, United Kingdom, Africa, Landmark Realty Limited Lagos

Paying state salaries and pensions - this means compensation for teachers, doctors, nurses, civil servants and other public-sector employees. Ensuring smooth power and water supplies, and keeping other public services running. Bohdan Yeremenko, a Ukrainian lawmaker and former diplomat, told Ukrainian media on Thursday that he expected the government to use some of the funds to ease downward pressure on the hryvnia, saying it was important for macroeconomic stability. Safety net for foreign investments in Ukraine. Yevheniia Kravchuk, another deputy from Zelenskyy’s Servant of the People party, told the German broadcaster Deutsche Welle Friday that Kyiv will use some of the aid to provide insurance and stable financing for foreign investments, including plants that produce arms and ammunition.

Persons: Bohdan Yeremenko, Yevheniia Kravchuk Organizations: People, Deutsche Welle Locations: Ukrainian, Ukraine, German

☆ Ecuador to Begin Cutting Fuel Subsidies in Q2
▼ + stars: | 2024-01-30 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

Noboa wants the measures to help finance his military offensive against criminal gangs, which he has designated as terrorist groups. "We agree with targeting subsidies," Noboa said in an interview with Ecuavisa, a local television channel. Subsidies will be removed gradually from gasoline, he said, adding that domestic gas and diesel will not be affected by the change. Last year Ecuador expected to allocate more than $2.6 billion of its budget to fuel subsidies. The government is looking for foreign investment to build a diesel refining system in Ecuador and improve the electrical grid to make eliminating the subsidies sustainable, Noboa said.

Persons: Alexandra Valencia, Daniel Noboa, Noboa, Ecuavisa, Oliver Griffin, Barbara Lewis Organizations: Alexandra Valencia QUITO, National Assembly, ITT Locations: Ecuador

☆ China tries to halt stock market rout by boosting lending and wooing foreign investors
▼ + stars: | 2024-01-24 | by ( Laura He | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —China has vowed to pump more money into the economy and further open its $64 trillion financial industry to international investors, as Beijing scrambles to restore confidence following a massive stock market rout. The astonishing losses, reminiscent of the last Chinese stock market crash of 2015-2016, highlight a crisis of confidence among investors concerned about the country’s future. It will allow Hong Kong banks to expand their businesses in mainland China and reduce the barriers to investing in mainland insurers. Last month, China Reform Holdings, a state-owned investment fund, announced it had bought tech-focused index funds to support the market. The brutal sell-off in Chinese stock markets has even forced some hedge fund managers to apologize for making wrong bets.

Persons: Li Yunze, “, Pan Gongsheng, Goldman Sachs, Li, ”, Lam, Li Qiang, Wang Zhao, Premier Li Qiang, Stringer, Li Bei Organizations: Hong Kong CNN, Administration of Financial, People’s Bank of, Buildings, New Champions, Getty, Premier, Xinhua, Reuters, Securities Daily, Social Security Fund, China Reform Holdings, Central Huijin Investment, Shanghai Banxia Investment Management Locations: China, Hong Kong, Beijing, Shanghai, Shenzhen, People’s Bank of China, Victoria Harbour, British, Tianjin, AFP, Central, Fuyang, China's, Anhui

☆ On Visit to Ireland, Chinese Premier Eyes Deeper Economic Ties
▼ + stars: | 2024-01-17 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

DUBLIN (Reuters) - China would like to deepen economic and trade cooperation with Ireland, particularly in areas of "huge potential" such as green technologies and the digital economy, Premier Li Qiang said on Wednesday during a trip to Dublin. "Looking ahead, we would like to work more closely with Ireland to build on what we already achieved," Li said in a speech through an interpreter. "There's huge potential in our cooperation in green technologies, in bio manufacturing, in the digital economy. Li, who is finishing his European trip in Ireland, highlighted China's potential for foreign investment in a keynote speech to business leaders at the World Economic Forum (WEF) in Davos on Tuesday. Before exchanging toasts with Li, Prime Minister Leo Varadkar said Ireland was also committed to pursuing deeper economic ties and assisting Irish and Chinese companies, on the basis of transparency and fair competition.

Persons: Li Qiang, Li, Li Keqiang, Leo Varadkar, Varadkar, Padraic Halpin, Jon Boyle, Tomasz Janowski Organizations: DUBLIN, Reuters, Ireland, Economic, United Nations Security Council Locations: China, Ireland, Dublin, Davos, Ukraine, East, Myanmar

☆ Lagos positions itself as global financial center after historic appearance at London’s Lord Mayor’s Show
▼ + stars: | 2023-11-13 | by ( Stephanie Busari | Nimi Princewill | ) edition.cnn.com time to read: +4 min

Lagos, Nigeria CNN —Nigeria’s Lagos state marked a historic moment by making Africa’s inaugural appearance at the renowned Lord Mayor’s Show in London – an annual procession, steeped in 800 years of tradition, that celebrates the history and commerce of the city. Among the Lagos contingent were the traditional Eyo masquerades who take part in the famed Yoruba Eyo festival in the state. However, many backers believe that Lagos has the potential to evolve into a global financial hub capable of drawing substantial foreign investments into Nigeria. Aigboje Aig-Imoukhuede, co-chair of the newly inaugurated Lagos International Financial Centre Council (LIFC) told CNN Lagos was now ready to position itself with global players. “A low stable inflation rate automatically signals a stable currency … and that’s the job half done,” he told CNN.

Persons: Mayor’s, Lord Mayor’s Show, Lagos, ”, Babajide Sanwo, ” “ Organizations: Nigeria CNN —, CNN, Lagos State, ” “ Lagos isn’t, Aig, Lagos International Financial Centre Council, CNN Lagos, ”, of, US Department of Commerce, United Arab, Dubai’s Emirates, GSK, Imoukhuede, Nigerian Central Bank Locations: Lagos, Nigeria, London, ” Lagos, ” “ Lagos, West, ” Nigeria, of London, United Arab Emirates, British

☆ Indonesia remains attractive for foreign investment: Bank of America
▼ + stars: | 2023-11-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndonesia remains a 'comfortable' destination for foreign investment, even with elections loomingMira Arifin, Bank of America's Indonesia country head, lists out the reasons behind their "very optimistic view on Indonesia.

Persons: Mira Arifin Organizations: Indonesia, Bank of America's Locations: Bank of America's Indonesia, Indonesia

TAIPEI, Taiwan (AP) — Chinese Premier Li Qiang on Sunday pledged to continue deepening reforms, expand free trade zones and relax market access for foreign investment while seeking to generate excitement around a largely lackluster economy. China's economy expanded at a 4.9% annual pace between July-September, beating analysts’ forecasts of about 4.5%, official data show. The expo being held through Friday is an annual event launched by President Xi Jinping in 2018 with the theme of promoting China’s image as being in favor of free trade. This year’s expo brought Australian Prime Minister Anthony Albanese, currently paying an official visit to China which is largely focused on restoring trade links blocked for years due to economic and political tensions. Despite that, Li said China would continue to “actively pursue the accession to the CPTPP and the Digital Economy Partnership Agreement and negotiate for the conclusion of more high standard free trade agreements.”

Persons: Li Qiang, Li, Xi Jinping, ” Li, Anthony Albanese, Albanese, ” Albanese, Yang Hengjun, “ Organizations: 6th China, Sunday, Trans, Pacific Partnership, Digital Locations: TAIPEI, Taiwan, Shanghai, China, Beijing, Australia, Australian

☆ China warms to U.S. chipmaker Micron, as tensions with Washington ease
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

The company logo is seen on the Micron Technology Inc. offices in Shanghai, China May 25, 2023. "We welcome Micron Technology to continue to take root in the Chinese market and achieve better development under the premise of complying with Chinese laws and regulations," Wang added. The detente comes just months after China's cyberspace regulator said Micron had failed a network security review and barred Chinese operators of key infrastructure from buying from the largest U.S. memory chipmaker. China's move against Micron was widely seen as retaliation for Washington's efforts to restrict Beijing's access to key technology. Reporting by Beijing newsroom; Editing by Sonali Paul and Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, Wang Wentao, Sanjay Mehrotra, Wang, China's, Joe Biden, Xi Jinping, Sonali Paul, Lincoln Organizations: Micron Technology Inc, REUTERS, Rights, Micron Technology, Commerce, Micron, Economic Cooperation, Beijing, Thomson Locations: Shanghai, China, Rights BEIJING, Beijing, Washington, Asia, San Francisco

☆ With eye on China, EU maps out de-risking, economic security strategies
▼ + stars: | 2023-10-05 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +4 min

EU also relied on China during the COVID pandemic for protective equipment and now for medicines and pharmaceutical raw materials. ECONOMIC SECURITY STRATEGYA reassessment of risk due to rising geopolitical tensions is also a key part of the European Economic Security Strategy unveiled in June. The strategy focuses on risks to supply chain resilience, physical and cyber security of critical infrastructure, technology security and leakage and weaponisation of economic dependencies or economic coercion. However, while the economic strategy does not name China, it talks of partnering with link-minded countries and de-risking, its policy of reducing reliance on China. The Commission, which oversees EU trade policy, has said the strategy, including the assessments, will be carried out with EU governments.

Persons: Philip Blenkinsop, Nick Macfie Organizations: European Union, EU, European Economic Security, European Commission, Commission, The, Thomson Locations: BRUSSELS, China, Ukraine, U.S, Russia, EU, Moscow, Brussels

☆ The British pound just had its worst month for a year — and strategists expect a further fall
▼ + stars: | 2023-10-03 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

U.S. dollar bills, British GDP and Euro currency bank notes are pictured on September 27, 2022 in Bath, England. Matt Cardy | Getty Images News | Getty ImagesLONDON — The British pound suffered its worst month against the U.S. dollar for a year in September, and strategists show little optimism for the rest of the year, as growth expectations weaken once again. Sterling fell 3.75% against the dollar through the month, logging a decline not seen since the end of last summer. The pound also slid 1.26% against the euro last month, notching its weakest performance since December 2022. Exchange rates have been impacted over the past two years by interest rate expectations, with higher rates generally making a currency more attractive for foreign investment.

Persons: Matt Cardy, Sterling, Liz Truss, Jane Foley, Foley, Jim McCormick, CNBC's Organizations: Getty, U.S, Bank of England, U.S ., Rabobank, CNBC, European Central Bank, of England, Citi, Federal Reserve, ECB, Organization for Economic Co, Development Locations: Bath, England, U.S, Germany

☆ Thailand's new PM says committed to attracting major foreign investors
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

FILE PHOTO-Thailand’s Prime Minister Srettha Thavisin addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 22, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsBANGKOK, Sept 29 (Reuters) - Thailand's new Prime Minister Srettha Thavisin on Friday said his government was committed to introducing the necessary changes to make the country a major destination for foreign investment, including pursuing more free trade agreements. He stressed foreign policy would be neutral and not taking sides between the United States and China, adding that Japan was a major power that Thailand was committed to, given its long history as the country's top investor. He opened the address stating the country's constitution needed to be amended to address political divisions and chronic economic disparities. Reporting by Panarat Thepgumpanat and Panu Wongcha-um; Writing by Martin Petty; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Srettha Thavisin, Brendan McDermid, Srettha, Sretta, Panarat Thepgumpanat, Panu, Martin Petty, Michael Perry Organizations: Thailand’s, General Assembly, REUTERS, Rights, Thomson Locations: New York City, U.S, Rights BANGKOK, Thailand, United States, China, Japan

The Cyberspace Administration of China (CAC) said it was considering waiving data export security assessments for activities such as international trade, academic cooperation, cross-border manufacturing and marketing that do not contain personal information or important data. Alex Roberts, a Shanghai-based lawyer at Linklaters, said the new rules are "a great signal for foreign investment and trade into China". You Yunting, a lawyer with Shanghai-based DeBund Law Offices, said the new rules "represents a certain degree of relaxation in data export regulation" in China. He added that the new rules could keep the cross-border transfer of human resources data low for companies. The previous rules were causing consternation among international businesses in China as some fear they could be cut off from assessing their human resources data from within China.

Persons: Alex Roberts, Brenda Goh, Josh Ye, Christina Fincher, Alison Williams Organizations: Cyberspace Administration of China, European, Reuters, Thomson Locations: SHANGHAI, HONG KONG, China, Shanghai, Linklaters, Hong Kong

☆ China's PBOC woos foreign businesses as economic challenges grow
▼ + stars: | 2023-09-19 | by ( Laura He | ) edition.cnn.com time to read: +3 min

The symposium was intended to “increase financial support to help stabilize foreign trade and foreign investment” and improve the “investment environment” for foreign business, the statement said. In the first eight months of this year, foreign direct investment into China fell 5.1% from a year ago, according to data released by China’s commerce ministry on Sunday. A separate measure for foreign investment painted a grimmer picture. Companies that attended PBOC’s meeting called on Beijing to improve its business environment, its statement added. “[We] will continue to optimize policy arrangements, create a market-oriented, legal and international first-class business environment,” Pan told the companies.

Persons: Gongsheng, JP Morgan, Tesla, Gina Raimondo, ”, ” Pan Organizations: Hong Kong CNN, People’s Bank of China, HSBC, Deutsche Bank, DB, BNP, Japan’s, Bank, BASF, Schneider, State Administration of Foreign Exchange, SAFE, American Chamber of Commerce, US, Companies Locations: China, Hong Kong, Shanghai, Southeast Asia, Beijing

☆ China says the best way to 'de-risk' is to restore stability with the U.S.
▼ + stars: | 2023-09-01 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Mandel Ngan | Afp | Getty ImagesBEIJING — China's Ministry of Commerce said Thursday that restoring stability in U.S.-China trade relations is the best way to "de-risk" — a twist to a term that's become popular in international politics. That also "allows bilateral economic trade relations to better play the role of 'ballast,' stabilizing business expectations and increasing business confidence for carrying out trade and investment." In November last year, U.S. President Joe Biden and Chinese President Xi Jinping met in Bali, Indonesia, for their first in-person meeting since Biden took office. Their meeting kicked off formal plans for U.S. Secretary of State Antony Blinken and other U.S. senior officials to visit China this year. Following her meetings, the U.S. and China agreed to establish regular communication channels on commerce, export controls and protecting trade secrets.

Persons: Joe Biden, Xi Jinping, Roosevelt, Mandel Ngan, Shu Jueting, Biden, Antony Blinken, Scott Kennedy, International Studies Shu, Wang Wentao, Gina Raimondo, Shu, Raimondo, Wang, CNBC's Eunice Yoon Organizations: White, Afp, Getty, BEIJING, China's Ministry of Commerce, Ministry of Commerce, CNBC, U.S, Scott, Scott Kennedy Center for Strategic, International Studies, Commerce, Center for Strategic, . Commerce Locations: Washington ,, China, Bali, U.S, Bali , Indonesia, Beijing, Shanghai, America

Some investors and economic analysts are sceptical that expansion will lead to increased foreign direct investment (FDI) within the bloc. Still, BRICS leaders and other investors touted the increased economic heft from the expansion. Increasing use of national currencies to reduce U.S. dollar dependence was another goal BRICS leaders discussed at the summit in Johannesburg. And with oil producer heavyweights among the newcomers, investors said this would feed speculation that Saudi Arabia might increasingly switch to non-dollar-denominated currencies for oil trade. "The short-term consequences could be seen in oil," said Kaan Nazli, a portfolio manager at asset manager Neuberger Berman in London.

Persons: Brazil Luiz Inacio Lula da Silva, China Xi, Cyril Ramaphosa, India Narendra Modi, Sergei Lavrov, Viktor Szabo, Li Kexin, Ola El, Chris Turner, Jakob Ekholdt Christensen, Hasnain Malik, abrdn's Szabo, Kaan Nazli, Neuberger Berman, Rachel Savage, Karin Strohecker, Bansari Mayur, Marc Jones, Jorgelina, Emelia Sithole Organizations: Russia's, Iran, United Arab Emirates, abrdn, Emerging Markets, ING, Reuters Graphics, China, International Monetary Fund, Thomson Locations: China, India, Sandton, Saudi Arabia, UAE, Iran, JOHANNESBURG, LONDON, Argentina, Brazil, Russia, South Africa, Ethiopia, Egypt, Johannesburg, United States, Saudi, London, Van Eck, New York, Copenhagen, Dubai, Bangalore, Rosario

☆ Biden Incentives for Foreign Investment Are Benefiting Factories
▼ + stars: | 2023-08-23 | by ( Jim Tankersley | More About Jim Tankersley | ) www.nytimes.com time to read: +1 min

Lucrative new tax breaks and other incentives for advanced manufacturing that President Biden signed into law appear to be reshaping direct foreign investment in the American economy, according to a White House analysis, with a much greater share of spending on new and expanded businesses shifting toward the factory sector. Data that include the first months after the enactment of two pieces of that agenda show that a key measure of foreign investment fell slightly from 2021 to 2022, adjusted for inflation. The numbers suggest that, in the early months after the bills were signed, the hundreds of billions of taxpayer dollars that Mr. Biden is directing toward manufacturing have not increased the overall amount of foreign direct investment in the economy. Instead, the laws appear to have shifted where foreign investment is being directed. A new analysis by the White House Council of Economic Advisers shows the composition of what’s known as capacity-enhancing spending on new structures or expansions of existing ones shifted rapidly toward factories, in line with one of Mr. Biden’s top economic goals.

Persons: Biden Organizations: White House Council, Economic Advisers

☆ China's economy is showing signs of serious trouble — and the problems are still mounting
▼ + stars: | 2023-08-12 | by ( Phil Rosen | ) www.businessinsider.com time to read: +9 min

Deflation — the trend of prices falling throughout the economy — presents a particularly dangerous trajectory for China, which carries a massive amount of debt. The main components of GDP on the demand side — consumption, investment, net exports — they all have serious problems right now." A shaky property marketMost of China's economic troubles tie directly into its property market. Roughly a quarter of China's population works in agriculture — well above the 3% mark in the US — and that presents its own productivity limitations. From an unstable, debt-ridden property market to anti-business policies and demographic issues, Beijing has plenty to tackle if it hopes to match the same growth as decades past.

Persons: David Dollar, Biden, Dexter Roberts, Roberts, Terry Group, it's, Xi Jinping Organizations: Service, China's National Bureau of Statistics, People's Bank of, Federal Reserve, Brookings, Bloomberg, JPMorgan, Financial Times, China's, Global, US Census Bureau, Atlantic Council, Communist Party, Garden Holdings, Beike Research Institute, Terry Locations: Beijing, Wall, Silicon, China, People's Bank of China, China's US, Western, Russia, Asia, Ukraine, Mexico, China cratered, Rocky

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