Since the beginning of 2021, MOFCOM has worked with relevant departments and local governments on stabilizing foreign investment. Inward FDI grew rapidly, outpacing expectation, with following characteristics: first, FDI volume kept growing. From January to October, national paid-in FDI reached RMB943.15 billion, a year-on-year increase of 17.8% (equivalent to USD142.01 billion, a year-on-year increase of 23.4%; banking, securities and insurance excluded, the same below). Second, FDI structure kept improving. Paid-in FDI in the services industry was RMB752.52 billion, a year-on-year increase of 20.3%. Paid-in FDI in the high-tech industry grew by 23.7% year-on-year. Third, eastern, central and western regions of China achieved positive growth of paid-in FDI, with a year-on-year growth rate of 17.5%, 29.8% and 9% respectively.

An UNCTAD report shows that global cross-border investment has rebounded in the first half of this year, and is expected to exceed the pre-pandemic level for the whole year. Besides, China’s economy keeps recovering steadily. China still enjoys competitive advantages in industrial supporting capacity, infrastructure, human resources and business environment. Its super-sized market is increasingly attractive to foreign investment, and foreign investors have stable expectation and confidence for the Chinese market. Barring special circumstances, FDI for the whole year is expected to register a double-digit growth and fulfill the goal of stabilizing foreign investment this year. Thank you.