SOURCE / ECONOMY
China’s FDI increases by 6.2 percent to record high in 2020
Published: Jan 20, 2021 12:53 PM

Aerial photo taken on Jan. 14, 2021 shows the container terminal of Qinzhou Port in south China's Guangxi Zhuang Autonomous Region. The Qinzhou Port saw its cargo throughput in 2020 reach 3.9504 million TEUs (Twenty-foot Equivalent Units), growing 30.98 percent year on year. (Xinhua/Cao Yiming)



Foreign Direct Investment (FDI) into Chinese mainland in 2020 increased 6.2 percent year-on-year to reach a record high of 999.98 billion yuan, equivalent to $144,37 billion and an increase of 4.5 percent year-on-year in US dollar term, the Ministry of Commerce announced on Wednesday.  

Actual foreign investment in Chinese service industry expanded 13.9 percent year-on-year with 77.677 billion yuan and took 77.7 percent of all FDI. Foreign investment to advanced-technology industry increased by 11.4 percent year-on-year. 

Foreign investment from top 15 countries and regions increased by 6.4 percent year-on-year and took 98 percent of total foreign investment to Chinese mainland. Investment from Netherlands and the UK increased by 47.6% and 30.7% respectively and ASEAN's (Association of Southeast Asian Nations) investment increased by 0.7%.

Foreign investment absorbed by East China's provinces and municipality of Jiangsu, Guangdong, Shandong, Zhejiang and Shanghai increased by 8.9 percent year-on-year and took 88.4 percent of total investment. 

Northeast, central and west China's provinces also witnessed significant increase in absorbing foreign investment. Liaoning, Hunan and Hebei's absorbed investment expanded by 13.7 percent, 28.2 percent and 35.5 percent respectively. 
blog comments powered by Disqus