FDI into China jumps 7.9 pct last year, sets new necord of US$136.33 billion

Foreign direct investment (FDI) in China was at a record level of 877.56 billion yuan (US$136.33 billion) last year, 7.9 percent greater than in 2016, Xinhua reports.

The Chinese state-run news agency quoted Ministry of Commerce official Tang Wenhong as saying relaxed restrictions, a better business environment and structure had created FDI growth.

“The structure of foreign investment continued to improve, with strong investment in high-tech services, which rose 93.2 percent year-on-year to reach 185 billion yuan,” Mr Tang was quoted as saying. China’s FDI is expected to remain at similar levels this year, despite economic uncertainty elsewhere.

Last year’s official curb on overseas investments saw China’s non-financial outbound direct investment (ODI) fall 29.4 percent to US$120 billion.