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China says has not seen large-scale exodus of foreign capital amid coronavirus outbreak

China has not seen a large-scale exodus of foreign capital from the country amid the coronavirus outbreak, the commerce ministry said on Thursday, adding that many Japanese firms have expressed a willingness to boost investment in China.

Globalization has been met with “undertow”, but the trend would not change, ministry spokesman Gao Feng told a press conference.

Foreign direct investment (FDI) into China fell 10.8% in January-March due to the impact from the coronavirus pandemic, official data showed on Wednesday.