Signal Inflows to China fell $295.2 billion, a 64.1% decline between the two four-year periods

Summary

The largest single shift among developing economies in the report is the collapse of capital flowing into China. Comparing the four years from 2017 to 2020 with those from 2021 to 2024, inflows to China fell by $295.2 billion. That represents a 64.1 percent decline between the two periods. As a result, China's share of all capital inflows to developing economies dropped by nearly 20 percentage points, from 34.6 percent to 14.7 percent. This contraction is the backdrop against which the report reads gains in other developing regions, including Southeast Asia.