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Foreign investment gravitates toward China amid easing market access
CGTN
FDI into the Chinese mainland expands by 4.6 percent year on year. /CFP

FDI into the Chinese mainland expands by 4.6 percent year on year. /CFP

China remained an attractive destination for foreign direct investment (FDI) in January, the Ministry of Commerce (MOFCOM) said on Wednesday.

FDI into the Chinese mainland expanded by 4.6 percent year on year in actual use to 91.61 billion yuan ($14.19 billion) in January, data shows.

In U.S. dollar terms, the inflow rose by 6.2 percent year on year to 13.47 billion dollars.

Foreign investment in the services industry came in at 68.46 billion yuan in January, up 11 percent year on year and accounting for 74.7 percent of the country's total FDI, according to the MOFCOM.

Wholesale and retail trade sectors saw FDI climb by 27.2 percent year on year during the period, and the accommodation and catering industries saw a 71.5-percent surge.

The ministry has pledged to continue widening market access for foreign investment, which continues to face a complex and severe situation this year.

China will fully implement a new negative list for foreign investment and further lift restrictive measures, the ministry said.

Source(s): Xinhua News Agency

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