China becomes a “stabilizer” and “safe haven” for cross-border investment


Source: macaubusiness.com macaubusiness.com

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China becomes a “stabilizer” and “safe haven” for cross-border investment By Xinhua News Agency China has become a “stabilizer” and “safe haven” for cross-border investment, contributing to the global economic recovery, said Zong Changqing, an official from the Ministry of Commerce Wednesday. Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 6.2 percent year on year to a record high of 999.98 billion yuan in 2020, the Ministry of Commerce said Wednesday. In U.S. dollar terms, the inflow went up 4.5 percent year on year to 144.37 billion dollars. The country managed to emerge from COVID-19 and...