Xinhua, Beijing :
China’s latest foreign direct investment (FDI) data have testified the country’s stronger appeal to foreign investors who have shown widespread optimism in a fast-growing market.
In the January-August period, FDI expanded 6.9 percent year on year to 604 billion yuan (about 85.36 billion U.S. dollars). FDI inflow grew 3.2 percent year on year to 89.26 billion dollars, data from the Ministry of Commerce showed.
These gains were hard-earned given the global FDI flows had declined for three consecutive years. In 2018, global FDI went down 13 percent, and developed countries saw a record low FDI inflow since 2004, according to the World Investment Report 2019 published by the United Nations Conference on Trade and Development.
The circumstances did not dampen foreign investors’ enthusiasm in increasing investment China. A total of 27,704 new foreign-funded enterprises were established in the first eight months of this year.
China bucked the trend of the global FDI slide with a huge consumer market that is highly attractive to the world’s major multinationals, said Shen Jianguang, a chief economist with JD Digits.
“Another factor is that the country has kept reducing restrictions and limits on foreign investment’s access to a wide range of sectors,” Shen said, noting that China’s opening-up keeps gaining momentum.
China’s latest foreign direct investment (FDI) data have testified the country’s stronger appeal to foreign investors who have shown widespread optimism in a fast-growing market.
In the January-August period, FDI expanded 6.9 percent year on year to 604 billion yuan (about 85.36 billion U.S. dollars). FDI inflow grew 3.2 percent year on year to 89.26 billion dollars, data from the Ministry of Commerce showed.
These gains were hard-earned given the global FDI flows had declined for three consecutive years. In 2018, global FDI went down 13 percent, and developed countries saw a record low FDI inflow since 2004, according to the World Investment Report 2019 published by the United Nations Conference on Trade and Development.
The circumstances did not dampen foreign investors’ enthusiasm in increasing investment China. A total of 27,704 new foreign-funded enterprises were established in the first eight months of this year.
China bucked the trend of the global FDI slide with a huge consumer market that is highly attractive to the world’s major multinationals, said Shen Jianguang, a chief economist with JD Digits.
“Another factor is that the country has kept reducing restrictions and limits on foreign investment’s access to a wide range of sectors,” Shen said, noting that China’s opening-up keeps gaining momentum.
