The commerce ministry attributed the FDI growth to a complete industrial system, a super-sized market, social stability and positive economic fundamentals in the long run.
FDI inflows to China, in actual use, rose by 17.3 per cent year on year to 798.33 billion yuan between January and July. In US dollar terms, inflows rose by 21.5 per cent to hit $123.92 billion. The government attributed the FDI growth to a complete industrial system, a super-sized market, social stability and positive economic fundamentals in the long run.
Ministry spokesperson Shu Jueting told newsmen China’s ever-opening market provides more opportunities, and consistent improvements to its business environment bolster the confidence of foreign businesses.
China implemented a new negative list for foreign investment to further broaden market access, Shu was quoted as saying by official Chinese media.
It also abolished, revised or enacted 520 regulations to improve the legal environment for foreign investment, and ramped up efforts to protect the legitimate rights and interests of foreign businesses.
Difficulties faced by foreign firms have also been addressed, Shu added.
Fibre2Fashion News Desk (DS)