China’s foreign-investment law aids capital inflow amid COVID-19 pandemic: official

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(Xin Hua Net)

The implementation of China’s foreign-investment law has optimized the business environment and effectively guaranteed the country’s utilization of foreign capital amid the COVID-19 headwinds, a spokesperson has said.

Since the law came into effect on Jan. 1, 2020, foreign investment to China has risen 4.5 percent year on year in U.S. dollar terms, hitting a record high, said Zang Tiewei, a spokesperson for the Legislative Affairs Commission of the National People’s Congress Standing Committee.

The country has become the largest foreign-capital recipient in the world, and 51,000 new foreign-funded firms were established in 2020, Zang said.

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