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China hopes to attract over 1 trn yuan of foreign investment in 2021

25 Oct '21
1 min read
Pic: Shutterstock
Pic: Shutterstock

China is expected to attract more than 1 trillion yuan ($156.51 billion) of foreign investment this year, according to Zong Changqing, director general of the department of foreign investment administration under the country’s commerce ministry. A recent survey by the ministry among 3,000 key foreign enterprises showed about 93.3 per cent of them are optimistic about their future development in China.

According to some reports released by foreign chambers of commerce such as that of the United States, the European Union, and Japan, nearly two-thirds of US enterprises, 59 per cent of European enterprises, and 36.6 per cent of Japanese enterprises plan to expand their investment in China, Zong was quoted as saying by official media reports.

Foreign investment flows into China have achieved substantial growth in the first three quarters, and the ministry expects the scale of foreign investment in the whole year will exceed a trillion yuan if things remain normal, he added.

Fibre2Fashion News Desk (DS)

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