MOC: China FDI Expected To Hit US$160 Billion Matching 2020 Inflows

All eyes seem to be on China at the moment, being the largest economy in Asia and second biggest in the world, any economic data that is released will have some significant impact on nations in business with the Middle Kingdom.

Of late, the country has been plagued with issues from a potential property bubble explosion, energy crisis to the ongoing US-Trade war. However, these challenges continue to be set aside with better than expected reports from its top officials. Ministry of Commerce has just updated its Foreign Investment targets for 2021 and it looks very promising, showing signs of companies still looking at China for growth and expansion.

MOC is expecting its FDI for the year to hit 1 trillion yuan of US$160 billion and increase from 2020 which stood at US$163 billion which was still the largest inflow for that year. This is was higher compared to US which only managed to attract US$143 billion based on a report by United Nations Conference on Trade and Development.

But China is cautious on this expectation noting that while the FDI is better-than-expected it still faces severe challenges considering the evolving COVID-19 pandemic, reconstruction of global industrial supply chains, and non-financial factors including decoupling and barrier-setting.

On the positive aspect, continuous and stable economic recovery, an ultra-large market, a complete industrial supporting capacity, sufficient human resources, and good infrastructure will help it lure more foreign investment.

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