Amid talk of boycott, huge foreign investment has flowed into China

Mumbai, Ta. 18 December 2020, Friday

The world has blamed China for the spread of the corona and called for a cut in economic ties with China, but if we rely on China's own figures, foreign companies' investment in China in the current year has risen to 9 per cent by November last year.

Between January and November this year, China received more than ૨૯ 12 billion in foreign direct investment, according to figures released by its Commerce Ministry.

Despite the talk of some countries looking to reduce their dependence on China alone due to the spread of coronavirus and trade disputes, China is seeing an increase in foreign investment.

To attract foreign investment, China has relaxed its investment policy, which is likely to increase foreign investment. Among the world's major economies, China will probably be the only country whose economic growth rate will be positive at the end of the current year.

In times of global epidemics, China has been the only country to have settled down immediately. Due to this fact, companies from the US and other countries will continue to invest in China.

The Commerce Ministry had earlier claimed that 12,000 new foreign companies had registered in China in the first seven months of this year, despite the impact of the Corona and the economic downturn. The highest economic activity in China is seen in the automobile sector. In addition to the manufacturing sector, China's bonds and equities have received ફ 215 billion in foreign funds this year.