xi's moments
Home | Macro

China bucks global trend with record FDI inflows in 2018: UN report

Xinhua | Updated: 2019-06-13 13:37

GENEVA - Despite global foreign direct investment (FDI) flows sliding by 13 percent in 2018 from the year before, China bucked the trend, posting a record of $139 billion of FDI, a UN report said Wednesday.

The United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2019 said FDI to East Asia rose by 4 percent to $280 billion in 2018, with inflows to China increasing by 4 percent to an all-time high.

The $139 billion into China accounted for more than 10 percent of the world's total $1.3 trillion FDI, said UNCTAD.

"Liberalizing efforts helped drive FDI flows at a high level and last year it was a record level again, the highest in history," said James Zhan, director of UNCTAD's division on investment and enterprise, at a press conference here.

He said that China put in place liberalization measures that included a new investment law and improved the investment climate so that the list of restrictive investment areas was reduced.

According to the report, foreign investors established more than 60,000 new companies in China in 2018.

Zhan explained that China itself is a large market. "That is why foreign countries are still producing in China."

"There are a number of steps that China has been taking of a positive nature in opening up its markets for greater FDI and foreign investment," said UNCTAD Secretary-General Mukhisa Kituyi, at the same occasion.

Kituyi noted the national treatment accorded to foreign investors by the newly-adopted investment law in China, the China International Import Expo in Shanghai last November, and the most recent Belt and Road summit, saying "all are positive market signals that encourage more foreign investment."

Global Edition
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349