Beijing, January 27 (Xinhua) the article “China’s total amount of attracting foreign investment exceeds that of the United States” from the website of today’s Russian TV station was published in reference news on the 27th. The article is summarized as follows
According to a recent report released by the United Nations Conference on Trade and development, China will attract more foreign direct investment (FDI) than the United States in 2020. According to the experts of the organization, the total FDI in 2020 was about $859 billion, which was reduced by 42% compared with 2019 in 2020. In the United States, it was about $134 billion, down nearly half from the previous year. China’s FDI rose 4% against the trend, reaching 163 billion US dollars.
Mikhail zelzer, financial market expert of BKS securities brokerage company, said that China’s total FDI ranked the first in the world, which was inseparable from the strict isolation restrictions and the measures taken by the state to support the economy on a large scale during the epidemic period.
Alexei Maslov, acting director of the Institute of Far East Studies at the Russian Academy of Sciences, said that the Chinese government laid the foundation for the influx of investment a few years ago.
He said that in 2018-2019, China has carried out a series of relevant legal amendments, including tax reduction for investment in advanced technology.
“It’s much more profitable to invest in China’s emerging industries than in the United States,” Maslov said. Moreover, despite rising wages in China, the cost of its final product is still far lower than in the US. Moreover, China’s domestic market is growing faster than that of the United States. In this way, the investment can at least recover the cost more quickly. “
Valery Yemelyanov, an analyst at “free finance” investment company, said COVID-19 further stimulated foreign investment to enter China’s economy. In particular, China’s international trade status has been significantly strengthened, attracting foreign investors.
In the view of analysts at Yuli Anyi group of international credit insurance company, COVID-19’s influence will accelerate the shift of global economic gravity to Asia.