China least attractive for foreign investors in 20 years

The communist country slipped from No.5 to No.7 on list

Beijing's central business district.

Beijing's central business district. (By Associated Press)

TAIPEI (Taiwan News) – China has not been such an unattractive destination for foreign investors in 20 years, global management consulting firm A.T. Kearney said in an annual review published Monday (May 13).

China fell to No.7 in the rankings, while the United States stayed on top for the seventh year running, the Liberty Times reported.

Germany, Canada and Great Britain, while China’s place in the top-five was taken by France, which had seen a growth of investor confidence since Emmanuel Macron was elected president in 2017.

Reasons for China’s fall included the slowing down of its domestic market, falling exports, growing concern about the debt carried by Chinese companies, and of course the trade war with the U.S., according to the consulting company’s review.

The new position as No.7 on the list contrasted sharply with the period from 2002 to 2012, when the communist country was consistently listed as the world’s most trustworthy investment destination, according to the Liberty Times.