China becomes second-largest recipient of FDI
June 12, 2018 Category China News Round-up, Weekly
China became the world’s second-largest recipient of foreign direct investment in 2017, moving up from third place in 2016, a new United Nations report said. Ranked just behind the United States, China attracted FDI worth USD136 billion in 2017, up 2% year-on-year. The rise was driven by a 28% increase in the number of foreign entities to over 35,650 in 2017, according to the United Nations Conference on Trade and Development’s 2018 World Investment Report. “FDI in the country’s free trade zones increased, and government efforts to achieve a better geographical spread of investment led to inflows to Central China growing faster than other regions,” the report said.
China was ranked third in outbound investment with deals worth USD125 billion, a 36% year-on-year decline, mainly due to the readjusted policies since 2015. The report predicted FDI into China will continue to grow due to the government’s recently announced liberalization plans. Wang Shouwen, Vice Minister of Commerce, expressed confidence in the country’s ability to attract investment in the remaining six months of 2018. “Global FDI has slumped by 23% in 2017 and the FDI performance for the first quarter of the year from the major countries was also not ideal,” said Wang. “Despite a tough global environment, China’s FDI from January to April increased 0.1%. It is a hard earned performance.”
“Recently the American Chamber of Commerce (AmCham) released a report saying a third of U.S. companies will increase their investment in China by at least 10%. It reflected the foreign investors’ confidence in China’s plan to liberalize, facilitate, promote and protect investment,” Wang added.
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