UK firms delaying new investments in China amidst slowing economy

<p>A majority of surveyed UK firms are delaying making new investments in China according to the British Chamber of Commerce in China.</p><p><a href="https://www.reuters.com/markets/uk-companies-pause-china-investment-decisions-economy-slows-survey-shows-2023-12-12/#:~:text=While%20the%20%22peak%20pessimism%22%20recorded,sentiment%20survey%20released%20on%20Tuesday" target="_blank" rel="nofollow">Info via Reuters:</a></p><ul><li>60% see a slowing Chinese economy as a bigger challenge than the COVID curbs in place until late last year</li><li>While the "peak pessimism" recorded during the pandemic is easing, British businesses are delaying making new investment in China amid a stuttering economic recovery and are downgrading the importance of the world's No. 2 economy to their global operations</li><li> "In previous years, 80% (of firms) were investing more because of market potential, but it feels like we're now entering a phase of real clarity," Julian Fisher, the chamber's chair said. "(Firms) are a lot more pragmatic and there's a lot less speculation,"</li></ul><p>More at that link above. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.