Les étrangers quittent la Chine avec les investissements, les affaires et les emplois

This is the situation at the recent daily use articles Chinese show in Shanghai, where exhibitors were surprised to see few customers come to the show, and even fewer foreign visitors. It's a professional show in Shanghai, yet there are very few people. It's a symbol. The Chinese economy is at its lowest this year. In addition, the number of visitors to the show is too low. Participate in a show, invest large sums without any gain, no customers, there are only senior pickaxes, it's a shame, really a shame. The decrease in the number of foreigners is particularly visible in major cities such as Beijing, Shanghai and Guangzhou. If the phenomenon had already been seen in the fields of investment and labor, it is now noticeable in tourism. China has reopened its borders for six months, but local authorities have found that foreign tourists are not expected to make an appointment. According to official Chinese figures, travel agencies had recorded 3.7 million trips entering the first quarter of 2019, before the epidemic. Today, in 2023, there were only 52,000 foreign travelers entering China in the first quarter of this year. The Wall Street Journal also addressed this issue on August 6 this year, citing the new problem of China, people do not want to go there. In addition, almost half of this year's tourists came from Taiwan, Hong Kong and Macao, rather than from Europe, the United States or more distant countries. Friendly Planet Travel, a travel agency in Pennsylvania, used to send up to 1,500 tourists to China each year. We have not received a single request since the epidemic, said Peggy Goldman, founder and president of the company, when we did online research on travel destinations, we found that China was the least popular destination by tourists. The decrease in the number of tourists will naturally lead to a drop in investments in China. The WSJ article cites an analysis of data from the Chinese government carried out by Mark Wittske, from the Rhodium Group, a research cabinet. The figures show that foreign direct investments in China fell to $20 billion, $18 billion, in the first quarter of 2023, against $100 billion, $91 billion, in the first quarter of 2022. Harris Bricken is a law firm that advises on investments in China. Dan Harris, an associate of the cabinet who often stayed in Beijing, in China, in the past. He quotes recent investigations launched by the Chinese government against international advice companies that collect information on the investment environment in China. The Chinese on Western companies of diligence and other companies, and in particular the interventions of the Chinese government in international advice companies such as Bain and Company. According to him, the companies are very, very worried to see their staff go to China. How could they not be? People do not go to China except if necessary. The consequences of the reluctance of foreigners to travel to China are considerable, more and more foreign companies are withdrawing from China and the Chinese are less in contact with foreigners. In contrast to the striking data on the non-arrival of foreigners to China, the Chinese middle class, fortunate and cunning, is doing its best to leave China. Long queues are forming daily in front of the American consulates in Beijing and Guangzhou, because more and more Chinese are making requests in the hope of obtaining a visa. Many Chinese want to leave China under the Chinese communist regime and they are trying every possible option. More and more Chinese are following the footsteps of South American refugees in an unconventional way, crossing the Panamanian tropical forest to the border between the United States and Mexico, then crossing the wall to ask for political asylum. They call this illegal trip, Walking the Route, which is getting known little by little on the Internet. More than 4,300 Chinese have been arrested by authorities at the border between the United States and Mexico between October last year and February 28 this year, according to the figures of the American Border Agency. Illegal immigration from China has reached 6,500 people, which is 15 times more than the same period in 2021. In parallel to the decline in the number of foreigners going to China, the amount of foreign investment in China in the second quarter has also reached a historically low level. Foreign investment in the first quarter of this year has decreased by 87% compared to the 100 billion dollars, about 90 billion euros, of the same period last year. This is the lowest quarterly figure ever recorded by China in terms of direct foreign investment, since the beginning of statistics, 25 years ago. A net outflow of direct foreign investment is observed. Subsequently, the Japanese Canon also closed its own factory in Zühe, ending 32 years of history in China and firing its last 1,300 employees. Coincidentally, just two months before Canon left China, LinkedIn and Yahoo also withdrew from China. Today, even Foxconn is preparing to leave China, in recent years, many foreign companies have withdrawn from China to build new factories in other countries in Southeast Asia. But in reality, well-known foreign companies such as Deloitte, Micron, BAIN, Mintz and the Japanese company Astella Pharma have been subject to intense repression by the Chinese government since the beginning of the year. The detention by Chinese authorities of foreign business employees this year cast a shadow over China's commitment to opening up and improving the commercial environment. Worse still, a growing number of Westerners believe that for Xi Jinping, the leader of the Communist Party, economic development is important, but that it goes to the background in relation to national security and long-term strategy. His absolute priority is to accelerate self-sufficiency in national technology, while mitigating the risks of the financial sector. For foreign investors, this means that their needs will ultimately be relegated to the background. The environment in China will become more and more skeptical of foreign investors, especially American investors.