SINGAPORE (June 26): The International Monetary Fund reports that China will be one of few countries with economic growth in 2020. The US economy is anticipated to contract by about 6% and the eurozone by 7.5%. China's economic growth rests on domestic consumption and that includes the consumption of imported goods. 

Post-2008 China came to the rescue of Western economies with a buying spree gobbling up depressed assets.   COVID-19 has smashed company values, triggering fears across the United States, Europe and Australia of a new distressed asset buying spree. It’s a serious miscalculation, but many governments have introduced policies to protect their companies from Chinese takeovers. 

Six months into the pandemic, the data confirms there are no signs of a Chinese outbound investment boom. Investment flows into China have increased every month since January. It is driven by consumer-focused investments and supported by policy liberalisation. Investment INTO China has surpassed investment OUT of China for the first time in a decade. 

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