China sees growth in foreign direct investment despite trade war
Updated 15:13, 12-Jul-2019

Despite the China-U.S. trade war, China saw steady growth in foreign direct investment (FDI) in the first half of 2019, official data showed Thursday.

The actually-utilized foreign investment in China rose by 7.2 percent from a year ago to reach 478.33 billion yuan (69.64 billion U.S. dollars) during the January-June period, Gao Feng, spokesperson for the Ministry of Commerce (MOFCOM), told a press conference.

A total of 20,131 new foreign-funded enterprises were established in the period witnessing the Huawei dispute, Trump's tariff threat and many other China-U.S. trade frictions.

In June alone, total foreign investment actually utilized climbed by 8.5 percent year on year to 109.27 billion yuan, MOFCOM data showed, making it the best month of the year.

"China hasn't seen a large-scale withdrawal by overseas investors. China will not discriminate, nor suppress those investments," said Gao. "China will firmly protect their legitimate rights at home, and create a stable, fair, transparent and predictable business environment for them."

(With input from Xinhua)