Foreign investment into China expected to surpass 1 trln yuan: MOC


Source: ecns.cn ecns.cn

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China is expected to attract over 1 trillion yuan of foreign investment in 2021, according to the Ministry of Commerce (MOC) on Friday. In U.S. dollar terms, foreign investment is forecast to exceed 160 billion U.S. dollars, said MOC official Zong Changqing at a press conference. While commending the better-than-expected foreign investment situation since the beginning of the year, Zong said that China still faces severe challenges considering the evolving COVID-19 pandemic, reconstruction of global industrial supply chains, and non-financial factors including decoupling and barrier-setting. Zong also pointed out that a continuous and stable economic recovery, an ultra-large market, a...