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China sees a positive momentum in FDI inflows, climbs 25.5% Year-on-Year bases

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China sees a positive momentum in FDI inflows, climbs 25.5% Year-on-Year bases.

Chinese Ministry of Commerce showed data on friday, which claims Chinese actual use of Foreign Capital continued a positive momentum soaring by 25.5% Y-o-Y bases to 672.19 billion Yuan ($103.69 billion) over the first the period of January to July 2021.

Read more: AFRICA AND THE WORLD FROM PAST TO PRESENT IN THE CONTEXT OF REALISM

The number is 26.1% higher than in 2019, the pre-pandemic era, the Ministry data showed.An increase of 46.3% in BRI and ASEAN countries can be seen in first 7 months of 2021.

China sees a positive momentum in FDI inflows, climbs 25.5% Year-on-Year bases.

Chinese Ministry of Commerce showed data on friday, which claims Chinese actual use of Foreign Capital continued a positive momentum soaring by 25.5% Y-o-Y bases to 672.19 billion Yuan ($103.69 billion) over the first the period of January to July 2021.

The number is 26.1% higher than in 2019, the pre-pandemic era, the Ministry data showed.

The services industry provided 535.57 billion yuan increasing 29.2 percent year on year bases, while the wholesale and retail industry, scientific research and technical service industry, information transmission software and information technology service industry booms up by 69.3 percent, 49.2 percent, and 29.1 percent, respectively.

Such expansion in Foreign Direct Investment shows foreign investor’s increasing trust on Chinese economy.

An increase of 46.3% in BRI and ASEAN countries can be seen in first 7 months of 2021.

Author : Usman Zulfiqar Ali

 

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