Media paint false picture proclaiming foreign investment pulling out of China

SOME OVERSEAS MEDIA outlets have been trying to hype the notion that foreign companies are "withdrawing" their investments out of China. Economic Daily comments:

Whenever a transnational company shifts its factory from China to another country, some overseas media outlets will boldly proclaim "foreign investment withdraws". In doing so they also paint a false picture of the economy as a whole.

Over the past 40 years of China's reform and opening-up, it is natural for overseas capital to flow in and out. In the past few years, some transnational companies have closed certain branches in China because labor costs in China have been rising, and the economy is undergoing a restructuring process.