Monday, August 8

China to see double-digit FDI growth in 2021

The huge market of China has become increasingly attractive to foreign investors, whose expectations and confidence in the country remain stable, according to the Ministry of Commerce.

“The Chinese economy has recovered steadily and still enjoys comprehensive competitive advantages in terms of supporting industries, infrastructure, human resources and the business environment,” he explained. Shu Jueting, spokesman for the Chinese portfolio, in a virtual press conference.

It is estimated that Foreign direct investment (FDI) in the Chinese mainland register a double-digit increase in 2021 and that the country is able to reach the goal of stabilizing FDI, according to Shu.

Between January and October, IED in real use in the country rose 17.8% year-on-year to stand at 943,150 million yuan, equivalent to $ 142,010 million, according to the ministry’s data.

During the first ten months of the year, the IED In the services sector, it grew 20.3% year-on-year, while high technology industries registered a 23.7% rise in this indicator.

According to a report issued earlier this year by the United States Chamber of Commerce (USA) in China, two-thirds of its surveyed member companies said they would increase investment in China.

The China-US Business Council indicated in his Member Survey 2021 that a majority of the participating companies have maintained profitability in China and more than 40% of them plan to increase their investments in the Asian country next year.

China Daily