China’s absorption of foreign capital is growing against the trend, becoming the largest foreign capital inflow country in the world in 2020

On the 24th local time, the United Nations Conference on Trade and Development released the “global investment trend monitoring” report, which pointed out that the inflow of foreign direct investment to the United Kingdom, Italy, Russia, Germany, Brazil and the United States dropped sharply. Zhan Xiaoning, director of the investment and Enterprise Department of the United Nations Conference on Trade and development, said in an interview with CCTV that in 2020, China’s foreign capital absorption will rise against the trend, surpassing the United States and becoming the world’s largest foreign capital inflow country. In 2020, the inflow of foreign capital to the United States will drop by 49% to US $134 billion, with the largest drop in investment by multinational enterprises in the United Kingdom, Germany and Japan. Affected by the global epidemic and brexit, the inflow of foreign capital into the UK dropped from US $45 billion in 2019 to US $1.3 billion. Zhan Xiaoning, director of the investment and Enterprise Department of the United Nations Conference on Trade and development, said that the inflow of foreign capital to China has been growing steadily over the years. After the outbreak of the epidemic, China’s economy has taken the lead in recovering growth, becoming a bright spot in attracting foreign investment. The regional comprehensive economic partnership agreement (RCEP) and the Sino European Investment Agreement have also boosted investor confidence. China successfully responded to the severe impact of COVID-19 in 2020. Under the background of the sharp decline of global direct investment in the world, the absorption of foreign investment has been increasing year by year. According to the estimation of the conference, in 2020, China’s actual use of foreign capital will increase by 4% year on year, reaching 163 billion US dollars, and the scale of foreign capital inflow will reach a new record. China’s proportion of foreign investment in the world has increased significantly, reaching as high as 19%. Zhan Xiaoning pointed out that China’s economy has taken the lead in restoring growth and has become a bright spot in attracting foreign investment in the world. During the global epidemic period, the high dependence on the industrial chain and supply chain of multinational enterprises in China also maintained the stability and expansion of foreign investment in China. The further opening up of some industries has also promoted the increase of new investment. The government has taken effective investment facilitation measures to help stabilize investment. (CCTV reporter Zhu He)

(editor in charge: Zhu Xiaohang)

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