Beijing issues guidelines aimed at increasing flagging foreign investment

With quarterly foreign direct investment in China at a 25-year low, Beijing on Sunday issued guidelines on how to increase efforts to attract foreign capital and optimize the country’s business environment for foreign investors. Attracting foreign investment is a key part of Chinese President Xi Jinping’s plan to boost a struggling domestic economy that has faced multiplying obstacles in 2023. Most recently, the Biden administration announced it would create a mechanism to stem U.S. investment in certain Chinese high-tech sectors...