Foreign investment continues to find China an important and attractive destination, the ministry of commerce told a news conference today.
Ministry spokesman Gao Feng said that between January and May, new committed foreign investment in China came to 481 billion yuan, a year-on-year increase of over 35 percent and an increase of 30 percent over the same period in 2019. Gao said COVID-19 is still having an impact, however, with some multi-national companies considering adjustments to supply chains, and the pandemic still constraining the cross-boarder movement of personnel and products. He said the ministry is still planning to expand market access for foreign investment, and that he expects foreign firms to continue to respond positively.
