This post was originally published on South China Morning Post.
China FDI rose to record level in 2020 despite coronavirus, fastest growth rate in five years
Foreign direct investment (FDI) into China rose to a record high in 2020 by posing the fastest growth rate in five years despite the disruptions caused by the coronavirus pandemic.FDI in US dollar terms – excluding financial sectors such as banking, securities and insurance sectors – grew to US$144.37 billion last year, the highest level since records began in 1983, the Ministry of Commerce said on Wednesday.This represented an increase of 4.5 per cent from 2019 – the fourth consecutive year of…