Foreign Investment in China Surged This Year – Xinhua

Foreign direct investment (FDI) inflows into China surged 17% from a year earlier in the first seven months of the year, state news agency Xinhua said in a report on Friday.

FDI climbed to 798.33 billion yuan (nearly $124 billion) by the end of July, said the report, which put this down to four “attractive” factors – its large market, social stability, positive economic future, plus policy work undertaken to assist foreign firms to resume activity amid the Covid-19 pandemic, government spokesperson Shu Jueting was quoted as saying.

Read the full report: China.org.cn.

ALSO SEE:

China Economy Falters as Factory, Property, Job Woes Mount

China Banks, Officials Resisting Beijing’s Property Rescue Call

Yuan Rises After Regulator Urges Banks to Ease USD Buying

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.

You Might also Like

China Cybersecurity Body Says US Hack Stole Tech Secrets - SCMP

Nvidia Looking Into How Its Chips Ended Up In China

Apple 'Discussing AI Rollout in China With Tencent, Bytedance'

India Looking at Possible Trade Deal With Trump, Sources Say