{
  "docId": "019dd923-5ca1-7489-b633-b37827d85a8a",
  "docSlug": "016797fefd364afb",
  "documentTitle": "Year-end Macro Brief Into the Fog of Winter",
  "authorId": "Accenture",
  "authorName": "Accenture",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 18,
  "pageCount": 55,
  "prevPage": 17,
  "nextPage": 19,
  "slideType": "industry_trends",
  "function": "analyze_data",
  "density": "overcrowded",
  "nDataPoints": 1,
  "notes": "The chart shows a sharp drop in FDI into negative territory in 2023.",
  "elementsJson": [
    "action_title",
    "subtitle_text",
    "line_chart",
    "bullet_list",
    "callout_box",
    "paragraph",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5ca1-7489-b633-b37827d85a8a/18",
  "deckHref": "/decks/019dd923-5ca1-7489-b633-b37827d85a8a",
  "deckJsonHref": "/decks/019dd923-5ca1-7489-b633-b37827d85a8a.json",
  "deckAnchorHref": "/decks/019dd923-5ca1-7489-b633-b37827d85a8a#slide-18",
  "components": [
    {
      "bbox": {
        "h": 0.5,
        "w": 0.37,
        "x": 0.6,
        "y": 0.21
      },
      "kind": "callout",
      "text": "Implications for corporates: Companies that source from China may continue to see their suppliers shifting to other low-cost geographies; Companies that continue to operate in or make new investments in China may see limited growth, difficulty raising capital, etc.",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "496b7f96-b810-4451-81e4-bc3c465c7bf0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "The net FDI outflow of USD 11.8 billion in Q3 2023 (the first one in at least 25 years of available data) suggests increasingly more foreign companies are divesting existing assets or refraining from reinvesting profits back into China",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd951-9f5e-7590-8286-8da7a1a5099d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.48,
        "w": 0.55,
        "x": 0.03,
        "y": 0.22
      },
      "kind": "chart",
      "text": "Foreign direct investment in China (quarterly flows, USD billions, NSA)",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b910a888-5d30-4d65-ba09-45cdf1fa6115",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "China Q3 2023 net FDI outflow: -USD 11.8B",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd951-9f5e-7590-8286-924f2de75027",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.94,
        "x": 0.03,
        "y": 0.76
      },
      "kind": "paragraph",
      "text": "Commentary: The net FDI outflow of USD 11.8 billion in Q3 2023 suggests increasing divestment; Widening interest rate differentials have driven capital flight; Chinese government is ramping up efforts to attract and retain FDI.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3bf5deaf-2630-4421-aa5b-ed21326f3a6d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.45,
        "x": 0.03,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "Source: Haver, China State Administration of Foreign Exchange (SAFE), Accenture Strategy analysis",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f01c584a-315b-4458-816f-d1348748c998",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.94,
        "x": 0.03,
        "y": 0.08
      },
      "kind": "title",
      "text": "Foreign direct investment in China is turning negative for the first time in 25 years amidst geopolitical tensions, weak domestic demand and yield differentials with other economies",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "27e47ae5-9540-4fd9-abb4-abd4640ff48e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.25,
        "x": 0.03,
        "y": 0.16
      },
      "kind": "title",
      "text": "Declining FDI in China",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "59b7fc2a-a02a-4712-897f-7273734836ec",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [
    {
      "metricRaw": "China Q3 2023 net FDI outflow",
      "numberRaw": "-USD 11.8B",
      "numberKind": "plain",
      "actionTitle": "Foreign direct investment in China is turning negative for the first time in 25 years amidst geopolitical tensions, weak domestic demand and yield differentials with other economies",
      "calloutText": "The net FDI outflow of USD 11.8 billion in Q3 2023 (the first one in at least 25 years of available data) suggests increasingly more foreign companies are divesting existing assets or refraining from reinvesting profits back into China",
      "numberScale": "b",
      "numberValue": 11.8,
      "metricFamily": "other",
      "numberCurrency": null
    }
  ],
  "tools": [
    {
      "name": "Action Titles",
      "slug": "action-titles",
      "agent": "Architect",
      "layer": "slide",
      "matchId": "019dd95a-0fd5-7148-8ec9-2d32bc884b2d",
      "evidence": "Title delivers headline: FDI in China 'turning negative for first time in 25 years'.",
      "confidence": 90
    },
    {
      "name": "Annotation",
      "slug": "annotation",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019dd95a-0fd5-7148-8ec9-35f9ddbb7955",
      "evidence": "Callout 'USD 11.8 billion outflow Q3 2023' annotates the chart.",
      "confidence": 72
    },
    {
      "name": "Audience Definition",
      "slug": "audience-definition",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "0db9f2e6-fd44-42f3-86d3-8995f64f06cd",
      "evidence": "Implications for corporates: Companies that source from China may continue to see their suppliers shifting to other low-cost geographies; Companies that continue to operate in or make new investments in",
      "confidence": 0.7
    },
    {
      "name": "Before-After-Bridge",
      "slug": "before-after-bridge",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "edd92166-63d4-45e8-bc65-f5912de41038",
      "evidence": "Foreign direct investment in China is turning negative for the first time in 25 years amidst geopolitical tensions, weak domestic demand and yield differentials with other economies",
      "confidence": 0.5
    },
    {
      "name": "Von Restorff Effect",
      "slug": "von-restorff-effect",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019dd95a-0fd5-7148-8ec9-328658f25e69",
      "evidence": "Single negative datapoint highlighted as historic outlier vs 25-year baseline.",
      "confidence": 65
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 19,
      "from": 9,
      "beatId": "019dd95a-0682-776c-8e34-941e4218f431",
      "arcName": "The Onion",
      "arcSlug": "onion",
      "beatName": "Deeper Layer",
      "beatSlug": "onion-deeper-layer",
      "evidence": "Country-specific spotlight developments across Americas, EMEA, APAC.",
      "position": 3,
      "confidence": 78,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    },
    {
      "to": 50,
      "from": 6,
      "beatId": "019dd95a-0682-776c-8e34-a034708f1682",
      "arcName": "The Triple Take",
      "arcSlug": "triple-take",
      "beatName": "The Facts (What)",
      "beatSlug": "triple-take-the-facts-what",
      "evidence": "Data-rich indicator slides report current readings.",
      "position": 1,
      "confidence": 55,
      "parentBeatName": "Setup",
      "parentBeatSlug": "setup"
    },
    {
      "to": 54,
      "from": 4,
      "beatId": "019dd95a-0682-776c-8e34-a433f4a76040",
      "arcName": "The Triple Take",
      "arcSlug": "triple-take",
      "beatName": "The Implications (So What)",
      "beatSlug": "triple-take-the-implications-so-what",
      "evidence": "Action titles convert each datapoint into an implication.",
      "position": 2,
      "confidence": 55,
      "parentBeatName": "Reflection",
      "parentBeatSlug": "reflection"
    }
  ],
  "loops": [
    {
      "to": 19,
      "from": 18,
      "name": "Zoom In",
      "slug": "06-zoom-in",
      "bestFor": "Technical deep-dives, case studies, detailed analysis",
      "matchId": "019dd95a-07fe-70ce-8d3c-2401ca6bad97",
      "evidence": "China FDI outflow and Japan property market deep-dives.",
      "position": 5,
      "objective": "Zoom into APAC spotlight developments",
      "structure": "The Big Picture -> Key Area of Focus -> Specific Detail -> Implication",
      "confidence": 70,
      "description": "Start broad, then progressively focus on specific details that prove your point"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}