xi's moments
Home | Macro

China's foreign investment for large projects up in first 5 months

Xinhua | Updated: 2022-07-01 09:41

Employees work on the production line of a foreign funded electronics company in Hai'an, Jiangsu province. [Photo by Zhai Huiyong/for China Daily]

BEIJING -- In the first five months of 2022, China received $47.68 billion in foreign capital for major foreign-funded projects each with a contracted investment of at least $100 million, up 40.3 percent year-on-year, data from the Ministry of Commerce showed Thursday.

The sum accounted for 54.3 percent of foreign investment in actual use nationwide in the five-month period, according to the data.

Shu Jueting, spokesperson for the ministry, said at a press briefing that a bevy of global firms have sped up their business expansion in China, which shows an unchanged confidence in the Chinese market and their long-term business prospects in China.

The ministry will continue to ramp up support for major foreign-invested projects and help address difficulties faced by enterprises, she said.

Global Edition
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349