Balderdash to claim foreign investment is fleeing China

Editor's note: Against the backdrop of a marked slowdown in global foreign direct investment, the data released by the Ministry of Commerce showed the foreign investment actually used in China in the first five months of this year reached 369.06 billion yuan ($57.75 billion), an increase of 6.8 percent year-on-year, proving untrue Washington's argument that its tariffs imposed on China will cause foreign companies to move out of China. A China Media Group online article comments:

The United States' argument is just to disseminate a gloomy sentiment about China's development based on the superficial division of labor in the international industrial chain. Take the global transfer of the textile and garment industry as an example. In the past 70 years, the sector has transferred from the US to Japan, to "four Asian tigers", and then to the Chinese mainland. In recent years, some of its workshops have moved from China to Southeast Asian and African countries. This is in line with economic laws and not a result of the US imposition of tariffs on China.

In order to strike a pessimistic tone on China's economy, the US has even fabricated rumors. For example, it said the tariffs have cost China a loss of $1.5 trillion to $2 trillion, but even US media bluntly refuted this statement.