China's use of FDI surges 6.2% in 2020

2021-01-20 12:03:14

[Photo/Sipa] China's actual use of foreign direct investment surged 6.2 percent on a yearly basis to 999.98 billion yuan in 2020, registering a historic high, the Ministry of Commerce announced on Wednesday. In US dollar terms, the foreign capital inflow went up 4.5 percent year-on-year to $144.37 billion last year. The country's service sector attracted 776.77 billion yuan of FDI in 2020, jumping 13.9 percent on a yearly basis, accounting for 77.7 percent of the country's total use of foreign investment. In the meantime, FDI from the Netherlands, the United Kingdom and the Association of Southeast Asian Nations grew by 47.6 percent, 30.7 percent and 0.7 percent, respectively, on a yearly basis in China.