China Business Video - China’s FDI, foreign-invested enterprises significantly increased in 2020
China's FDI increased by 6.2 percent year on year in 2020 while a total of 38,570 new foreign-invested enterprises registered in the country, an average of more than 100 newly established every day, according to the data.
The service sector utilized 776.7 billion yuan (around 119.9 billion U.S. dollars), up almost 14 percent and accounting for nearly 78 percent of the total foreign investment in China.
Overall, the high-tech industry increased by 11.4 percent while the high-tech service rose by 28.5 percent.
Within the high-tech service industry, the research and development field rose by 78.8 percent, scientific and technological achievements transformed services increased by 52.7 percent, e-commerce services rose by 15.1 percent, and information services increased by 11.6 percent.
The top 15 countries and regions that invest in China increased their investments by 6.4 percent, accounting for 98 percent of total foreign investment.
The investments from the Netherlands grew by 47.6 percent, Britain's investments increased by 30.7 percent and investments from ASEAN countries rose by 0.7 percent.
"In 2020, China successfully responded to the severe impact brought by the COVID-19 pandemic. Against the background of a sharp decline in global transnational direct investment, the actual use of foreign capital for the whole year increased against the trend, with the total amount of foreign investment, the growth rate, and the global share were all increased, which successfully completed the goal of stabilizing foreign investment," said Zong Changqing, Director of Foreign Investment Department under Ministry of Commerce.