Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING
China Evergrande Plans to Build Electric Cars, Batteries in Qingdao
LATEST
In Depth: Is China’s Animation Industry Ready to Take Off?
Uber-Like Truck-Rental Startup Mulls IPO After Breaking Even
China Evergrande Plans to Build Electric Cars, Batteries in Qingdao
Terry Gou-Backed LCD Panel Plant Seeks Cash Injection
Self-Driving Taxi Industry to Hit Key Inflection Point Next Year, Insider Says
Video App Kuaishou Mulls U.S. IPO, Raises Funds at $25 Billion Valuation
London Stock Exchange Bid in the Works For Long Time: HKEx Chairwoman
Chinese Investors React Coolly to Signs of Easing Trade Tensions
Kweichow Moutai Toasts Long-Term Partnership With Chinese Genomics Giant
After Opening Gates to Outside Food, Disney Clarifies What Is and Isn’t Allowed
Chinese Scientists Edit DNA in Attempt to Cure Man’s Cancer, HIV
China's Electric-Car Sales Drop for Second Straight Month
Fosun Biotech Unit Henlius Aims to Raise $477 Million in Hong Kong IPO
Huawei Drops Case Against U.S. Over Detained Telecom Gear
Chinese Netizens Cheer as Apple Compares Itself With Huawei for the First Time
World-Leading Crypto Platform Tightens Grip on HK-Listed Entity
The Factory Breeding Bloodsucking Mosquitos to Fight Disease
The Tough Transition Facing China’s Money-Market Funds
Tencent-Backed Secondhand Goods Trading Platform Secures $300 Million in Series B
Huawei Says U.S. Needs to Talk to Company for China Trade Deal
Flow of Direct Investment Into China Continues to Grow Despite Trade Tensions

By Zeng Jia and Zhao Runhua / Jun 14, 2019 06:49 PM / Economy

Beijing's Central Business District. Photo: VCG

Beijing's Central Business District. Photo: VCG

Inflows of foreign direct investment (FDI) to China grew last year despite a continued global decline, a recent United Nations report shows.

The country ranked second internationally in terms of 2018 incoming FDI, which increased 3.7% year-on-year to a record $139 billion and accounted for over 10% of the global total, according to the 2019 World Investment Report by the U.N. Conference on Trade and Development.

Meanwhile, global FDI inflows declined for the third consecutive year to $1.3 trillion. The U.S., with $252 billion worth of FDI inflows, remained at the top of the list despite a 9% decline. Worsening trade relations between China and the U.S. took their toll on inflows from the U.S. to China, which dropped from $10 billion to only $6 billion in 2018.

One major factor in the continued growth in FDI for China was the government’s loosening of foreign ownership limits in the manufacturing sector, which significantly boosted FDI in fields that accounted for 30% of the country’s total inflows last year, according to the report.

Additionally, even amid trade tensions, global investors set up 70% more new companies in China last year.

Related: In Depth: New Foreign Investment Law Goes on Fast Track

Contact reporter Zhao Runhua (runhuazhao@caixin.com)

Share this article
Open WeChat and scan the QR code