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    OECD experts: last year, China became the largest foreign capital inflow country in the world

    2021-05-05 | Pageviews: CHANGZHOU FOAN M AND E CORPORATION
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    According to Xinhua news agency, Paris, May 3 (reporter Liu Fang) Margit Molnar, director of the China Policy Research Office of the organization for economic cooperation and development (OECD), told China's Xinhua News Agency on that China has surpassed the United States to become the largest foreign capital inflow country in the world last year thanks to effective control of the acceleration of opening up of many industries and industries. China's good growth prospects and further opening-up measures will help China continue to attract foreign investment.

    The total size of global foreign direct investment (FDI) in 2020 is US $846billion, down 38 percent from the previous year, the lowest level since 2005, according to data released by the OECD recently. Among them, the inflow of FDI into China rose to US $212 billion, an increase of 14%; FDI flowing into the United States was 177 billion US dollars, down 37%.

    Morner said that after the epidemic is under control, China's economy has rapidly resumed growth, making China a more realistic destination for FDI. The further improvement of openness is another important factor for China to attract foreign investment. According to OECD data, from 2019 to 2020, China has reduced restrictions on foreign direct investment, most notably in the financial services sector, and relaxed restrictions on foreign investment in manufacturing, agriculture and construction.

    Morner pointed out that the proportion of China's FDI stock in GDP is still relatively low, and there is still much room for growth in attracting foreign investment.


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