BEIJING: China remained the world’s second-largest recipient of foreign direct investment (FDI) in 2019 with FDI inflow up 5.8 per cent year on year to 137.24 billion US dollars in 2019, reports China Economic Net quoting Ministry of Commerce said.
More than 40,000 new foreign-funded enterprises were established last year.
The number of projects receiving FDI above 100 million US dollars stood at 834 in 2019, up 15.8 per cent from a year earlier.
The structure of FDI has been optimizing as 266 billion yuan of FDI went to the high-tech sector in 2019, up 25.6 per cent year on year, accounting for 28.3 per cent of the total FDI.
Investment from Singapore climbed 51.1 percent year on year in 2019, that from the Netherlands expanded 43.1 per cent and that from the Republic of Korea rose 21.7 percent.
Pilot free trade zones (FTZs) have played a larger role in attracting investment.
All of the 18 pilots FTZs saw 6,242 new foreign-funded enterprises set up in 2019. FDI inflows into the pilot FTZs reach 143.6 billion yuan, accounting for 15 per cent of the total.
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