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China remains second largest FDI recipient in 2019

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The China Ministry of Commerce, said on Tuesday that China remained the world’s second-largest recipient of foreign direct investment (FDI)) in 2019 with inflow up 5.8 per cent year-on-year to 941.5 billion yuan.


Qian Keming, China’s Vice Minister of Commerce, said that more than 40,000 new foreign-funded enterprises were established in 2019.

The number of projects receiving FDI above 100 million U.S. dollars stood at 834 in 2019, up 15.8 per cent from a year earlier.

The structure of FDI has been optimising 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 foreign direct investment.

Investment from Singapore climbed 51.1 per cent year-on-year in 2019, while that from the Netherlands expanded 43.1 per cent, just as the one from the Republic of Korea rose 21.7 per cent.

Pilot free trade zones (FTZs)) played a larger role in attracting investment, according to the vice minister.

The entire 18 pilot 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.

Edited By: Yahaya Isah/Emmanuel Yashim



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Yahaya Isah: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]nnn.com.ng