After years of making heavy demands on foreign investors and business interests, Beijing has awakened to its need for them and so is changing its tune.
People walk on The Bund promenade along the Huangpu River during the passage of Typhoon Co-May in Shanghai, China, on July 30, 2025. Hector Retamal/AFP via Getty Images
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Commentary
Beijing has learned one thing during the past couple of years, even before President Donald Trump’s election: China’s economy urgently needs foreign investment money and foreign business interests.
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is “Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live.”
