Net Foreign Direct Investment Withdrawals From China Hit Record High

China saw a record high of $14.8 billion in net foreign direct investment (FDI) withdrawals in the second quarter, according to preliminary data released Friday by the State Administration of Foreign Exchange (SAFE).

This marks the second net FDI outflow in available SAFE data dating back to 1998.

Record NetFDlWithdrawals From China

A major contributor to the net outflow was a $22 billion decline in debt financing provided by foreign investors, the largest drop on record, according to SAFE data.