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Episode details

World Service,28 Dec 2023,26 mins

Why is China struggling to attract foreign businesses?

World Business Report

Available for over a year

Nearly nine-tenths of all foreign investment in China’s stock market this year has been pulled out, according to an investigation by Financial Times. We look into the reasons. The major European property developer, Signa, based in Austria, has announced that two of its key divisions were filing for insolvency. We get the latest from Vienna. And the Turkish government has responded to rising prices by imposing a 49% hike in the country's minimum wage. Will it be enough to cope in an economy with a 62% inflation rate? (Picture: People walk inside a shopping district in Beijing, China, 09 December 2023. Picture credit: MARK R CRISTINO/EPA-EFE/REX/Shutterstock)

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