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China's 2019 FDI up 5.8%, outbound investment slumps

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Foreign direct investment (FDI) in China in 2019 grew the most in two years, tho...

FILE PHOTO: Skyscrapers Shanghai Tower , Jin Mao Tower and Shanghai World Financial Center are seen at the financial district of Pudong in Shanghai, China January 15, 2020. REUTERS/Aly Song

FDI was up 5.8% year-on-year to 941.5 billion yuan last year, the commerce ministry said on Tuesday, the biggest rise since 2017, when it grew 7.9% in yuan terms. China’s non-financial ODI rose just 0.3% in 2018 having dropped sharply in 2017 as authorities kept a tight grip on outflows for what they termed “irrational” overseas projects.

 

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