• China foreign direct investment grew in April

Market news

14 May 2020

China foreign direct investment grew in April

RTTNews reports that foreign direct investment to mainland China grew in April, as the country attempts to recover from the coronavirus, or Covid-19, pandemic, official data showed on Thursday.

Foreign direct investment rose 8.6 percent year-on-year in U.S. dollar terms in April, the state-run news agency Xinhua reported citing data from the Ministry of Commerce.

Foreign investment totaled $10.14 billion during the month.

In yuan terms, FDI increased 11.8 percent year-on-year to CNY 70.36 billion.

However, foreign investment decreased by 8.4 percent year-on-year in the January to April period to $41.34 billion, due to the Covid-19 impact.

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