FDI to China has been rising rapidly this year. In the first five months, the paid-in FDI to China registered RMB481 billion (not including banking, securities, and insurance), up by 35.4% year on year, and up by 30.3% from the same period in 2019. In dollar terms, its USD71.58 billion, up by 39.8%, and up by 31.1% from the same period in 2019. The statistics in the first five months indicate that foreign investors remain upbeat about China’s economic outlook and enormous market potential.

Currently, uncertainties in COVID-19 pandemic means global economic recovery remains precarious. Many countries have rolled out policies to support industries, which my cause multinationals to reconfigure their global industrial chains and supply chains. Movement of people and goods remain difficult due to COVID-19. These are all uncertainties to the FDI attraction in China, which makes the overall picture complicated.

Going forward, MOFCOM will act in line with the instructions of the CPC Central Committee and the State Council to continue building platforms for high-level opening-up, ease market access for foreign investments, strengthen service support to priority foreign-invested enterprises and projects, and keep improving business environment so that more foreign investors can share the benefits of China’s rapid development. Thank you.