BUSINESS FDI into China to hit $690B in 2016-2020


FDI into China to hit $690B in 2016-2020


21:24, November 05, 2020

Photo taken on Nov. 4, 2020 shows a light show at the Lujiazui area in Shanghai, east China. (Photo: Xinhua)

China's total paid-in foreign investment is expected to reach 690 billion U.S. dollars in the 2016-2020 period, a statistical bulletin showed on Thursday.

In the first three quarters of this year, China's paid-in foreign investment saw a year-on-year increase of 2.5 percent to hit 103.26 billion dollars, according to the Statistical Bulletin of China's Foreign Direct Investment (FDI) 2020, released by the Ministry of Commerce (MOC) at the ongoing third China International Import Expo.

In the face of the huge impact of COVID-19 and the increasingly complicated domestic and international environment, China has taken measures to stabilize foreign investment in the country.

Graphic produced by Zhan Huilan/People's Daily app

The attractiveness of China's vast market to foreign investment has not changed, and the expectations and confidence that foreign investors have in long-term investment and operations in China have not changed, said MOC official Zong Changqing.

From 2016 to 2019, the country's total paid-in foreign investment was 549.6 billion dollars, with an average annual growth of 1 percent. China has been the world's second-largest foreign direct investment destination for three consecutive years as of 2017, according to the bulletin.

Amid a sharp contraction in global cross-border capital flows in recent years, the proportion of China's FDI in the global FDI increased from 6.6 percent in 2015 to 9.2 percent in 2019, and is expected to rise this year, it added.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue