China’s investment draw remains
Print Edition
CHINA will remain an attractive spot for foreign investment by creating a fair, transparent and stable environment as well as facilitating investment in certain industries and channeling more funds to the country’s central and western areas, Shen Danyang, a Ministry of Commerce spokesman, said yesterday.
“Although there are many challenges, we are confident of further raising foreign direct investment and retaining China’s status of being an attractive destination for foreign investors,” Shen told a regular media briefing.
In 2015, China’s foreign direct investment rose 6.4 percent, compared with the 1.7 percent gain a year earlier, to 781.3 billion yuan (US$126.2 billion) — a new record and ranked the top for the 24th straight year among developing countries.
In the first two months of this year, China’s foreign direct investment grew a better-than-expected 2.7 percent to 141.8 billion yuan amid the country’s slowing economic growth.
“China will try its best to create an increasingly fair, transparent and stable investment environment to meet the expectations of foreign investors,” Shen said.
He said the ministry will relax the threshold for foreign investment in industries including finance, education and culture this year. It will encourage more investment to China’s central and western areas.
Meanwhile, Shen pointed out that China’s outbound investment will continue to be larger than inbound investment.
“China has become a net capital exporter since 2014 ... the growth of China’s outbound investment will certainly accelerate due to the country’s broad growth strategy,” Shen said.
In the first two months, China’s outbound direct investment surged 71.8 percent to 195.9 billion yuan. Investment in countries involved in the Belt and Road initiative grew 41.1 percent to US$2.23 billion.
Shen expected China’s trade to rebound from this month after it slumped in February.
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