Govt policies help rebound in foreign direct investment

Foreign direct investment into the Chinese mainland rebounded in April as policy-makers ramped up efforts to bolster the stability of foreign investment, official data showed yesterday.

FDI expanded 11.8 percent year on year to 70.36 billion yuan in April, according to the Ministry of Commerce.

In US dollar terms, the FDI inflow was 10.14 billion dollars, up 8.6 percent year on year.

The country rolled out policies to invigorate and protect foreign investors, which boosted FDI growth, said the ministry, adding the increase was also due to a modest comparison base.

The ministry also pointed to the pressure on stabilizing foreign investment as the global epidemic situation remains grim.

From January to April, FDI totaled 286.55 billion yuan, down 6.1 percent year on year.

Inflow to high-tech industries rose 2.7 percent, with information and e-commerce services up 46.9 percent and 73.8 percent.

ASEAN investment increased 13 percent, and that from Belt and Road countries and regions 7.9 percent.