China central bank, FX regulator meet foreign firms in capital drive

BEIJING, Sept 18 — China’s central bank and forex regulator met with foreign financial institutions and companies today, as Beijing strives to attract overseas investment to...

BEIJING, Sept 18 — China’s central bank and forex regulator met with foreign financial institutions and companies today, as Beijing strives to attract overseas investment to support its recovery.

The world’s second-largest economy has lost steam since the second quarter and showed only tentative signs of stabilisation last month with policy support. China has sought to court foreign capital as its economic recovery from the Covid-19 pandemic slows in the face of tepid overseas demand and property weakness.

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