China's economy has a Xi Jinping problem, as foreign investment dries up

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China's economy has a Xi Jinping problem, as foreign investment dries up
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China is telling anyone who'll listen it's open for business again – but its economy has a Xi Jinping problem

The government has also carried on imposing harsh capital controls that make it tough for foreigners to get their money out of the country – with emerging markets guru Mark Mobius saying earlier this year that he'd be"None of Xi's authoritarian, hardline rule speaks to a"commitment to opening

up" – so despite its renewed efforts to woo the West, China probably shouldn't count on foreign investment bouncing back anytime soon.Subscribe to push notificationsNOW WATCH: The economist that predicted the housing crisis warns the Fed is engaging in behavior that's almost always caused a recession

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