Chinese Money Flees U.S., Lands In Indonesia

Just a few years ago, Chinese money was rippling across the rich world.

Photo Insert: Nickel-rich Indonesia is believed to be the biggest recipient of China’s investments while Pakistan, Jordan, and African nations slam Beijing’s hostile interest rates on their debt under the Belt and Road Initiative (BRI).

Chinese investors were making blockbuster deals and snapping up trophy assets, from luxury homes and five-star hotels in New York to a Swiss chemical company and a German robotics giant, Stella Yifan Xie and Jason Douglas reported for Wall Street Journal.

The Chinese were once plucking up US hotels left and right as if their spigots of financial flows were interminable while property developers were purchasing land in the US Midwest and Southeast as if Beijing were keen on transporting millions to live in America.

China’s economy is also losing much from low demand and bankruptcies. However, the financial migration has stopped as US-China tension worsens and both countries are inflicting trading barriers on each other.

Now, nickel-rich Indonesia is believed to be the biggest recipient of China’s investments while Pakistan, Jordan, and African nations slam Beijing’s hostile interest rates on their debt under the Belt and Road Initiative (BRI).

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