After reaching a record USD 189 billion in 2022, according to Fitch Ratings, foreign investment in China fell in 2023, though the country was still the third biggest recipient of FDI inflows worldwide, as reported by the OECD.
Direct investment grew in H1, but overseas M&A fell to its lowest level for almost a decade. Experts were optimistic that the second half of the year would see a resurgence, but deflation, higher borrowing costs, and geopolitical tensions, not to mention changes to anti-trust legislation, have continued to dent private sector confidence.
On the plus side, the IMF has upgraded China’s 2023 GDP growth forecast to 5.4% from 5%, on the back of a “strong” post-COVID-19 recovery. It is also more optimistic about 2024 growth than it was in October.
The M&A Community, in collaboration with iDeals, would like to invite you to M&A Shanghai strategic gathering, where our expert speakers will share their insights on the challenges and opportunities for M&A in the region in the coming months.
This is an event with limited seating. To register, please fill out the form and we will contact you with further details.