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CHN | Jul 1, 2022

China’s foreign investment for large projects up in first 5 months of 2022

/ Our Today

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(File photo: REUTERS/Yuriko Nakao)

BEIJING (Xinhua)

In the first five months of 2022,  China received US$47.68 billion in foreign capital for major foreign-funded projects each with a contracted investment of at least US$100 million, up 40.3 per cent year-on-year, data from the Ministry of Commerce showed Thursday.

The sum accounted for 54.3 per cent of foreign investment in actual use nationwide in the five-month period, according to the data.

Shu Jueting, spokesperson for the ministry, said at a press briefing that a bevvy of global firms has sped up business expansion in China, which shows unchanged confidence in the Chinese market and their long-term business prospects in China.

The ministry will continue to ramp up support for major foreign-invested projects and help address difficulties faced by enterprises, she said.

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