China's FDI Inflow Up 6.2 Pct To Record High In 2020
Faizan Hashmi Published January 20, 2021 | 12:47 PM
Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 6.2 percent year on year to a record high of 999.98 billion yuan in 2020, the Ministry of Commerce said Wednesday
BEIJING (UrduPoint / Pakistan Point News - 20th Jan, 2021 ) :Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 6.2 percent year on year to a record high of 999.98 billion Yuan in 2020, the Ministry of Commerce said Wednesday.
In U.S. Dollar terms, the inflow went up 4.5 percent year on year to 144.37 billion Dollars.
The country managed to emerge from COVID-19 and meet its target of stabilizing foreign investment in 2020, bucking the downward trend in global foreign investment, the ministry said.
In 2020, China's foreign investment touched a record high, with its growth pace quickened and global share increased.
The structure of the country's foreign investment was further optimized. Foreign investment in the service industry came in at 776.8 billion yuan in 2020, up 13.9 percent year on year, while that in the high-tech service sector rose 28.5 percent.
Investment from the Netherlands surged 47.6 percent year on year, while that from Britain rose 30.7 percent, according to the ministry.
Related Topics
Recent Stories
DC calls for intensive anti-polio drive in ICT
Arsenal paid for 'big mistake' in Bayern defeat: Arteta
Progress of development schemes reviewed
Pak Italian Modern Centre (PIBC) Executive Director, Dr Naveed Akhtar resigns
Bazm-e-Rooh Rihan to holds reception in hounour of Naseer Mirza
Four govt officials killed in DI Khan firing incident
Local admin imposes section 144 in Abbottabad
Ukraine calls for energy savings amid Russian strikes
Matthews leads West Indies women to convincing victory over Pakistan in series o ..
Israel bombs Gaza as Middle East tense after Iranian attack
Turkish foreign minister to hold talks with Dutch counterpart in Netherlands
Paris says 'no grounds' for Burkina Faso to expel French diplomats
More Stories From Business
-
Beijing's GDP up 6 pct in Q1
39 minutes ago -
China's Q1 goods, services trade surplus exceeds 60 bln USD
39 minutes ago -
Pakistan Stock Exchange (PSX) loses 43 points
51 minutes ago -
KP Govt decides to establish Gem Processing & Export Centre
1 hour ago -
Rupee sheds 04 paisa against dollar
1 hour ago -
Stock markets rise as traders consider US rate outlook
1 hour ago
-
Gold rates dip by Rs 1,700 to Rs 250,200 per tola
3 hours ago -
Textile exports earn $12.444 billion for Pakistan in 9 months
3 hours ago -
Markets rise as traders consider US rate outlook
1 hour ago -
'Bumper production of wheat crop expected'
4 hours ago -
FPCCI waives off 50% membership fee of women chambers
4 hours ago -
Former number one Momota retires from international badminton at 29
5 hours ago