Chinese money pivoting away from West – WSJ ...News

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Chinese money pivoting away from West – WSJ
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Beijing has redirected its capital flows to emerging markets in Asia, the Middle East, South America, and Africa, data has shown China is realigning its investment to emerging markets in a sign of economic detachment from the West amid growing US-led hostility towards Beijing, The Wall Street Journal reported on Monday. Chinese companies have ramped up investments in mining and energy projects in South Asia, the Middle East, South America, and Africa, with an emphasis on sectors such as renewables and electric vehicles. Nickel-rich Indonesia has become the largest recipient of Chinese investment lately, receiving

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