17 Dec 2021
(Yicai Global) Dec. 17 — China’s foreign direct investment in actual use surged 15.9 percent between January and November from the same period last year to accrue more than the whole of last year, according to the latest figures.
Some CNY1.04 trillion (USD163 billion) poured into the country in the first eleven months, according to data released by the Ministry of Commerce yesterday. This is already more than the CNY999.98 billion that flowed in during 2020.
In US dollar terms, FDI in actual use amounted to USD157.2 billion in the first 11 months, a year-on-year increase of 21.4 percent.
China remains one of the most attractive destinations for foreign capital and inflows are expected to maintain a growth rate of 15 percent throughout next year, said Liu Xiangdong, deputy director of the economic research department at the China Center for International Economic Exchanges.
China’s economic fundamentals allow foreign investment to achieve higher returns, the Security Times reported, citing Tao Jin, deputy director of the macroeconomic research center at the Suning Institute of Finance. Due to strict epidemic prevention and control measures, the economy has rebounded and the country continues to open up its capital markets to the world.
Investment from Belt and Road countries grew 24.7 percent year on year and that from members of the Association of Southeast Asian Nations by 23.7 percent. And the amount of FDI in actual use soared 25.8 percent in central China, 15.4 percent in the east of the country and 13.4 percent in the nation’s western regions.
Editor: Kim Taylor