China continued to attract more foreign capital in the first month of this year, after a record 2020, when it overtook the US as a major destination for foreign direct investment (FDI).
Foreign capital inflows into the Chinese mainland reached 91.61 billion yuan ($14 billion) in January, marking a 4.6 percent increase year on year, according to the data released earlier this week by the Ministry of Commerce. In US dollar terms, FDI jumped by 6.2 percent compared to a year earlier, reaching $13.47 billion, the ministry said in a statement.
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