China is the second largest foreign capital inflow country in the world

Qian Keming, Vice Minister of Commerce, said Monday that in 2019, China's actual utilization of foreign investment reached 941.5 billion yuan, a year-on-year increase of 5.8%, with more than 40000 newly established foreign-funded enterprises, maintaining the second largest inflow of foreign capital. At a press conference held on the same day of the State Council's new office, Qian Keming said that in 2019, the number of large foreign-funded projects was accelerated to land, with 834 foreign-funded projects above US $100 million, up 15.8% year on year. The structure of foreign investment continued to be optimized, and the utilization of foreign investment in high-tech industries increased by 25.6%, accounting for 28.3%. Investment in China by some developed economies grew rapidly, with Singapore, the Netherlands and South Korea increasing 51.1%, 43.1% and 21.7% respectively. The pilot free trade zone has strengthened its role in attracting foreign investment, with six new pilot free trade zones and a new area adjacent to the port of Shanghai free trade zone. There are 6242 foreign-funded enterprises in 18 pilot free trade zones and 1436 billion yuan of foreign investment, accounting for more than 15% of the total in China. Zong Changqing, director of the Department of foreign investment of the Ministry of Commerce, said that in 2019, China's absorption of foreign investment will grow against the trend under the conditions of slowing global economic growth and sluggish transnational investment. In US dollars, it reached US $138140 million, an increase of 2.4% over the previous year. The scale has reached a new record, ranking first in developing countries and second in the world. In addition, in terms of foreign investment, Qian said that in 2019, non-financial foreign direct investment reached US $110.6 billion, down 8.2%. The investment structure is more balanced, mainly to leasing and business services, manufacturing, wholesale and retail industries.