Thinking About China
Opinion

More Trouble for China

Foreign firms, after years of reinvesting their Chinese earnings in China, have begun to pull out their money.
More Trouble for China
Employees work at an assembly line of a Wuling Motors factory in Qingdao, Shandong Province, China, on March 1, 2023. STR/AFP via Getty Images
Milton Ezrati
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Commentary

In yet another setback for China’s already beleaguered economy, foreign firms are pulling their earnings out of the country. American, Japanese, and European companies—some long-established in China—have rethought former plans to modernize and expand and have begun to send their profits home or elsewhere in Asia and even further afield.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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