FDI inflows to China rise 17.3% YoY to 798.33 bn yuan in Jan-Jul 2022

26 Aug '22

1 min read

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Foreign direct investment (FDI) inflows to the Chinese mainland, in actual use, expanded by 17.3 per cent year on year (YoY) to 798.33 billion yuan in the first seven months this year. In US dollar terms, inflows increased by 21.5 per cent to hit $123.92 billion.

The commerce ministry attributed the FDI growth to a complete industrial system, a super-sized market, social stability and positive economic fundamentals in the long run.

Ministry spokesperson Shu Jueting told newsmen China’s ever-opening market provides more opportunities, and consistent improvements to its business environment bolster the confidence of foreign businesses.

China implemented a new negative list for foreign investment to further broaden market access, Shu was quoted as saying by official Chinese media.

It also abolished, revised or enacted 520 regulations to improve the legal environment for foreign investment, and ramped up efforts to protect the legitimate rights and interests of foreign businesses.

Difficulties faced by foreign firms have also been addressed, Shu added.

ALCHEMPro News Desk (DS)

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