China continues to see robust growth in foreign investment levels to fresh record highs, despite worsening relations with the US and other major trading partners amidst the ongoing economic turmoil created by the COVID-19 pandemic.
In 2021 China’s actually used foreign investment amount was 1.14936 trillion yuan, for year-on-year growth of 14.9%, according to figures released by the Ministry of Commerce last week.
An editorial in the People’s Daily said that China had emerged as a key safe harbour for cross-border investment during the COVID-19 pandemic, enabling foreign investment levels total a new historic high.
“In 2021 China attracted more than one trillion yuan in foreign capital, benefiting from the steady improvement of the Chinese economy, its huge market potential, as well as ongoing improvement of the commercial environment,” said the editorial.
“China’s commercial system has actively and continually made efforts in the areas of market entry, policy support, platform development, and expediting and protecting investment.
“It has actively implemented fair treatment of foreign invested enterprises, as well as continually launched new measures for the stabilisation of foreign investment, and the ongoing operation of a commercial environment that is market-based, rule-of-law based and internationalised.”