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China's FDI inflow likely to top 1 trn yuan in 2021: Commerce ministry

13 Dec '21
1 min read
Pic: Hyotographics | Dreamstime.com
Pic: Hyotographics | Dreamstime.com

Foreign direct investment (FDI) into the Chinese mainland, in actual use, is expected to surpass 1 trillion yuan ($157.49 billion) in 2021, according to a ministry of commerce spokesperson Gao Feng, who recently said that during the past two decades since China's accession to the World Trade Organisation, the country has achieved marked progress in the use of foreign investment.

The FDI inflow totaled 999.98 billion yuan in 2020, skyrocketing by 157.7 per cent from 338 billion yuan in 2001, Gao was quoted as saying by official Chinese media.

China will further shorten the negative list on foreign investment, facilitate services for foreign-funded enterprises and projects, and foster a law-based, international and convenient business environment to share its market opportunities globally, he added..

Fibre2Fashion News Desk (DS)

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