Foreign Direct Investment in China Drops to 30-Year Low | China In Focus
Confidence in China’s economy goes down further. Foreign direct investment into China has plunged to a 30-year low. Chinese coast guards were caught again entering Taiwan-controlled waters, but were kicked out by Taiwanese officers. Eighteen Republican lawmakers are urging President Joe Biden to stop using TikTok, an app banned from U.S. government devices due to national security concerns. President Biden’s campaign joined the Chinese-owned platform to reach young Americans. U.S. lawmakers are pushing a new bill to tackle China’s threats in the biotech sector, with four Chinese companies coming under the radar for potential sanctions.
