China's FDI inflow up 11.8 pct in April Source

[beijingwalker]

China's FDI inflow up 11.8 pct in April
2020-05-14 19:20:00
BEIJING, May 14 (Xinhua) -- Foreign direct investment (FDI) into the Chinese mainland rebounded in April as policy makers have ramped up efforts to bolster the stability of foreign investment, official data showed Thursday.

The FDI expanded 11.8 percent year on year to 70.36 billion yuan in April, according to the Ministry of Commerce.

In U.S. dollar terms, the FDI inflow stood at 10.14 billion dollars, up 8.6 percent year on year.

The country rolled out a string of policies to better invigorate and protect foreign investors, which advanced the growth of the FDI, said the ministry, adding that the increase was also due to a modest comparison base.

The ministry also pointed out the pressure on stabilizing foreign investment as the global epidemic situation remains grim.

From January to April, the FDI totaled 286.55 billion yuan, down 6.1 percent year on year.

In that period, inflow to high-tech industries rose 2.7 percent, with the information service and e-commerce service up 46.9 percent and 73.8 percent, respectively.

Meanwhile, the investment from ASEAN countries increased by 13 percent, while that from countries along the Belt and Road rose 7.9 percent.

The ministry pledged to further optimize the business environment to firm up foreign investors' confidence in long-term business development in China

http://www.xinhuanet.com/english/2020-05/14/c_139057046.htm

 

[ZeEa5KPul]

Bu... bu... but everybody's leaving China! Why aren't foreign companies leaving China?!

 

[xuxu1457]

When the epidemic broke out in China in February, Many companies: We should not put eggs in one basket, there are risks.
April epidemic in China has passed, the company: China is still the safest.

 

[Han Patriot]

Bu... bu... but everybody's leaving China! Why aren't foreign companies leaving China?!

The thing is they have no choice. China is currently the safest place on earth. We are the only major economy open up for business. Mind you that I am not saying we are not affected, I reckon around 10 to 15% would be unemployed due to this crisis, that's 80 to 100mil but we have no choice but to stay united and go through this. China need to offer some food subsidies and food stamps, those unemployed can go back to their villages to shelter a year or two until this thing is over and our economy restructures. Living in the village is practically free. We need to utilizes our rural communist advantage. Our villagers have land due to land distribution. Any loan or mortgage the unemployed has needs to be frozen until they get employed, the banks are all state owned, we have this big advantage over the West.