Foreign Investment in China and the Evergrande Scandal
An abandoned Evergrande commercial complex called Evergrande Palace is seen in Beijing on Jan. 29, 2024. A Hong Kong court on Jan. 29 ordered the liquidation of China's property giant Evergrande, but the firm said it would continue to operate in a case that has become a symbol of the nation's deepening economic woes. Greg Baker/AFP via Getty Images
As China faces a sluggish economy and pressures on tech firms from U.S. sanctions, Beijing continues to tout its ongoing struggle to open its economy and country. However, Evergrande provides a lesson on why foreign firms are reluctant to do business with the Middle Kingdom.
Christopher Balding
Author
Christopher Balding was a professor at the Fulbright University Vietnam and the HSBC Business School of Peking University Graduate School. He specializes in the Chinese economy, financial markets, and technology. A senior fellow at the Henry Jackson Society, he lived in China and Vietnam for more than a decade before relocating to the United States.
