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China faces difficulties attracting foreign investment this year, ministry says

Published 03/18/2021, 04:10 AM
Updated 03/18/2021, 04:10 AM
© Reuters. Chinese Yuan and U.S. dollar banknotes are seen in this illustration

BEIJING (Reuters) - China faces a severe and complex situation in attracting foreign investment this year, commerce ministry spokesman Gao Feng told reporters in an online briefing on Thursday.

Foreign direct investment (FDI) jumped 31.5% to 176.76 billion yuan ($27.21 billion) in January and February, up from a year earlier, data showed this month.

Gao attributed the surge to low bases for comparison last year and a recovering economy that boosted investor confidence in China's growth outlook.

He added China will continue to open up to the outside world and cut back on areas barred to foreign investment.

© Reuters. Chinese Yuan and U.S. dollar banknotes are seen in this illustration

"We'll step up efforts to build a more business friendly environment, so that when foreign firms enter China, they could rest assured of their development here," Gao said.

Latest comments

Be sincere at whatever you do, eventually investment will come, help poor country and don't hope for return, you will highly appreciated, anyway nobody in this world can do it
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