The Chinese government expects the total amount of inbound foreign investment to reach at least USD$690 billion for the period of the 13th Five Year Plan (2016 – 2020).
The “China Foreign Investment Statistical Public Report 2020” (中国外资统计公报2020) released by the Ministry of Commerce (MOFCOM) on 5 November indicates that in 2019 actually used foreign capital in China rose 2.1% YoY to hit a historic high of $141.23 billion. China ranked second globally in 2019 for actually used foreign capital.
China saw the establishment of 41,000 new foreign-invested enterprises in China in 2019, bringing the total to 1.002 million as of the end of December 2019, with a cumulative actually used foreign capital amount of USD$2.29 trillion.
MOFCOM said that in 2019 inbound foreign investment into China further expanded, as well as underwent structural optimisation and increases in quality and benefit.
During the period from 2016 to 2019 inbound foreign investment totalled $549.6 billion, for average annual growth of 1%, and during the three consecutive years from 2017 to 2019 China ranked second in the world as a foreign investment destination.
MOFCOM said that it forecasts $690 billion in total inbound foreign investment for the period of the 13th Five Year Plan, for an average annual inflow $10 billion ahead of the average for the preceding 12th Five Year Plan.