China expects growth in actual use of foreign capital in 2021


China’s top economic planner said on Wednesday that the country’s actual use of foreign capital would expand in 2021, and would be higher than expected.

In the second half of this year, foreign direct investment (FDI) in actual use will continue its sound momentum, considering China’s effective COVID-19 epidemic control, stable economic recovery and complete supply chains, said Liu Xiaonan, an official with the National Development and Reform Commission.

Noting the complicated pandemic situation, declining investment capability and willingness from multinational companies and inconvenient business people exchange, Liu said those factors will affect China’s actual use of foreign capital. — Xinhua


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