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China has become a safe haven for foreign investors and is leading the world in foreign capital inflows, as its capital inflows continue to grow steadily amid the COVID-19 pandemic despite the global gloomy investor sentiment.
Global foreign direct investment (FDI) shrank by 42 percent in 2020 due to the impact of the COVID-19 pandemic, while FDI inflow into China achieved growth against the downward trend.
In 2020, China's FDI inflow in actual use was $144.4 billion, with a year-on-year increase of 4.5 percent, data from the Ministry of Commerce (MOFCOM) showed.
In the first 10 months of this year, the Chinese mainland FDI in actual use rose 17.4 percent from a year earlier to top $168.3 billion, which had already approached the full-year figure of last year, according to the MOFCOM.
In the first 10 months, high-tech industries' FDI inflow surged 31.7 percent from a year ago. Specifically, FDI in high-tech manufacturing soared 57.2 percent year on year, while that in the high-tech service sector jumped 25 percent compared to a year ago.
Data editor: Yao Nian
Graphics designer: Mukesh Mohanan
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Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466