China's FDI down 10.8 pct in Jan-March

0 Comment(s)Print E-mail Xinhua, April 15, 2020
Adjust font size:

Foreign direct investment (FDI) into the Chinese mainland fell 10.8 percent year on year in the first three months of 2020 influenced by the novel coronavirus outbreak, a commerce official said Wednesday.

The FDI totaled 216.19 billion yuan (about 31.2 billion U.S. dollars) in Jan.-March period, said the Ministry of Commerce.

A breakdown of the data showed FDI decreased 14.1 percent year on year in March but the decline was 11.5 percentage points narrower than that in February.

Foreign investment in high-tech services surged 15.5 percent year on year in the first three months, accounting for 29.9 percent of the service sector.

China will seek further opening-up and upgrade of foreign trade and investment, to offset its economic shock brought about by the COVID-19 pandemic, according to the ministry earlier.

To facilitate foreign investment, China will shorten the negative list on foreign investment, further open up the service sector and improve China's business environment.

Follow on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from