June 15, 2022
Despite the impact of COVID-19 resurgence and rising protectionism in some countries, China’s huge economy, bright prospects, and the government’s unwavering efforts to open the domestic market wider to the rest of the world make the country increasingly attractive to foreign investors, experts and business leaders said.
Their evaluation was based on the most recent data on real foreign capital use, which increased 17.3% year on year to 564.2 billion yuan ($83.78 billion) in the first five months of the year.
The investments were much higher in US dollars, at $87.77 billion, up 22.6 percent year on year, according to the Ministry of Commerce’s latest figures released.
The actual use of foreign capital in the services sector increased by 10.8% year on year to 423.3 billion yuan, according to the ministry’s online statement, with growth rates of 42.7 percent, 32.9 percent, and 45.4 percent for high-tech industries, high-tech manufacturing, and high-tech services, respectively.
Source: ChinaDaily.com
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