China remains second largest FDI recipient in 2019

22 January, 2020 12:00 AM printer

BEIJING: China remained the world’s second-largest recipient of foreign direct investment (FDI) in 2019 with FDI inflow up 5.8 percent year on year to 941.5 billion yuan (137.24 billion U.S. dollars) in 2019, the Ministry of Commerce said Tuesday.

More than 40,000 new foreign-funded enterprises were established last year, said Qian Keming, vice minister of commerce, at a press conference, reports Xinhua.

The number of projects receiving FDI above 100 million U.S. dollars stood at 834 in 2019, up 15.8 percent from a year earlier.

The structure of FDI has been optimizing as 266 billion yuan of FDI went to the high-tech sector in 2019, up 25.6 percent year on year, accounting for 28.3 percent of the total FDI.