Foreign investors are confident of China’s economy with a net inflow of US$179.6 billion in direct investment in China in the first half of the year

Summary

[NetinflowofdirectinvestmentinChinainthefirsthalfoftheyearisUS$179.6billionandforeigninvestorshavefullconfidenceinChina’seconomy]In the first half of the year, the net inflow of direct investment in China was US$123.7 billion, mainly due to the net inflow of direct investment in China of US$179.6 billion. Inflows of US$97.6 billion and US$82 billion were both maintained at a relatively high level, indicating that foreign investors are full of confidence in my country’s economy; my country’s net outflow of foreign direct investment is US$55.9 billion, indicating a stable and orderly foreign direct investment by enterprises. (Economic Daily)

Preliminary data from the Balance of Payments Statement released by the State Administration of Foreign Exchange today shows that in the first half of this year, my country’s international balance of payments maintained a basic pattern of balance.Among them, the current account surplus of 122.2 billion US dollars, andgross domestic product(GDP) Ratio is 1.5%, which continues to be in a reasonable range; direct investment showsNet inflow。

Specifically, first, the surplus in trade in goods increased year-on-year. In the first half of the year, the international balance of payments surplus in goods trade was 230.6 billion U.S. dollars, a year-on-year increase of 35%. Second, the service trade deficit narrowed year-on-year. In the first half of the year, the service trade deficit was 43.8 billion U.S. dollars, a year-on-year decrease of 43%. Travel, intellectual property royalties and transportation are the main deficit items. Third, direct investment continued to have a relatively high surplus. In the first half of the year, the net direct investment inflow was US$123.7 billion, mainly due to the net inflow of direct investment in China of US$179.6 billion. In the first and second quarters, net inflows of US$97.6 billion and US$82 billion were maintained at a relatively high level. my country’s economy is full of confidence; my country’s net outflow of foreign direct investment is 55.9 billion US dollars, showing that enterprises’ foreign direct investment is stable and orderly.

Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, said that at present, China’s domestic and external economic balance development foundation is more solid, laying a solid foundation for the stable operation and basic balance of my country’s current account, and is conducive to the continuation of the basic balance pattern of international payments.

(Source: Economic Daily)

Article source: Economic Daily

Editor in charge: DF537

Original title: Foreign investors are confident of China’s economy with a net inflow of US$179.6 billion in direct investment in China in the first half of the year