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China Seeing a Rise of Protectionism in Some Countries

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China is increasingly facing resistance within countries where it’s trying to invest, according to a top official at the country’s sovereign wealth fund.China Investment Corporation (CIC) will probably gain investment opportunities thanks to an ongoing global economic recovery, but it is also “facing more difficulties and challenges” related to “protectionism,” Tu Guangshao, vice chairman and president of CIC, told CNBC on the sidelines of the Asian Financial Forum.”As CIC and China make more foreign investments, we’re seeing the rise of protectionism in some countries and regions, be it the U.S. or Europe. They’re making some protectionist moves, some specifically targeting China,” Tu told CNBC in Mandarin.

Source: China wealth fund faces ‘protectionism,’ says CIC president – CNBC

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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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