Chart of the Day: Foreign Investment in China Tumbles on Overseas Headwinds

Net foreign direct investment (FDI) in the Chinese mainland tumbled to its lowest quarterly level in more than two decades in the three months through June, buffeted by overseas companies’ supply chain concerns and geopolitical tensions.

China’s net FDI totaled $4.9 billion, down 87% year-on-year and 76% quarter-on-quarter, according to preliminary data released by the State Administration of Foreign Exchange (SAFE) Friday. That is the lowest reading since the data series began in 1998.