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China's FDI in non-financial sector grows 0.5% January-July Release date: 2020-08-14    Source:chinadaily.com.cn


China saw foreign direct investment growth in the non-financial sector grow 0.5 percent on a yearly basis to 535.65 billion yuan (U.S.$77.16 billion) in the first seven months of this year, reaching positive growth for the first time after January this year, said the Ministry of Commerce.

In July, FDI inflows expanded 15.8 percent year on year to 63.47 billion yuan, achieving positive growth for four consecutive months.

China will strengthen services and help solve operational issues for global companies to stabilize the long-term business confidence of foreign capital against the economic fallout of the COVID-19 pandemic, said Ren Hongbin, an assistant minister at the Ministry of Commerce.

The official's remarks came after the State Council had released a guideline on Wednesday to roll out more measures to protect foreign trade entities, support the local growth of global companies and keep supply chains stable.

Under the new government rules, Ren said, foreign-funded companies are equally eligible as domestic firms for the existing 1.5 trillion yuan re-lending and rediscount special quota support provided by the People's Bank of China, the central bank.