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.
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.
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.
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