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| Foreign direct investment in China soars by nearly 34% this year | Foreign direct investment in China soars by nearly 34% this year |
| (about 2 months later) | |
| The Chinese economy attracted over 607 billion yuan ($91 billion) in foreign direct investment (FDI), in the first half of 2021, which is a 33.9% increase year on year, the country’s Ministry of Commerce said on Wednesday. | The Chinese economy attracted over 607 billion yuan ($91 billion) in foreign direct investment (FDI), in the first half of 2021, which is a 33.9% increase year on year, the country’s Ministry of Commerce said on Wednesday. |
| According to its report, the Chinese service sector drew in the largest amount of foreign capital – some 482.77 billion yuan ($74.61 billion) – soaring 33.4% year on year. | According to its report, the Chinese service sector drew in the largest amount of foreign capital – some 482.77 billion yuan ($74.61 billion) – soaring 33.4% year on year. |
| The high-tech industry also saw a significant increase in foreign investment – by 39.4%. High-tech services attracted 42.7% more investments than in 2020, while the high-tech manufacturing industry’s appeal rose by 29.2%. | The high-tech industry also saw a significant increase in foreign investment – by 39.4%. High-tech services attracted 42.7% more investments than in 2020, while the high-tech manufacturing industry’s appeal rose by 29.2%. |
| The document states that the volume of FDI coming from China’s key partners in the Belt and Road Initiative increased by 49.6%, while the intake from the Association of Southeast Asian Nations was up by 50.7%. | The document states that the volume of FDI coming from China’s key partners in the Belt and Road Initiative increased by 49.6%, while the intake from the Association of Southeast Asian Nations was up by 50.7%. |
| The country’s cooperation with European countries yielded less, but still showed an increase of 10.3% year on year. | The country’s cooperation with European countries yielded less, but still showed an increase of 10.3% year on year. |
| At the end of 2020, China attracted a total of $144.37 billion in foreign direct investments – 4.5% more than in 2019. | At the end of 2020, China attracted a total of $144.37 billion in foreign direct investments – 4.5% more than in 2019. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |