china: The two official clarifications, issued by two ministries in close conjunction and covering foreign-invested and domestic firms, gave an authoritative footnote on something that is difficult for ordinary people to get a clear picture of, according to Global Times China. In the past two years, there has been a rising chorus in the Western media on how outbound industrial relocation added woes to the Chinese economy - already facing downward pressure from its restructuring and industrial upgrade. The statement came days after the Ministry of Commerce MOFCOM announced on July 11 that there were no large-scale withdrawals of foreign investment from China. Some individual cases of foreign companies shutting down plants in China seemed to have supported that supposition. Thousands of companies are leaving, Trump tweeted, linking the trend with the ongoing trade negotiations between the two countries. US President Donald Trump tweeted Monday that tariffs placed by his administration are having a major effect on companies wanting to leave China for non-tariff countries.
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