2024-02-21 11:45:13
Growth in China’s direct investment commitments, a measure of foreign direct investment (FDI) into the country, slowed 81.7% in 2023 from the previous year to the lowest level since 1998, at $33 billion, according to data released Sunday by the State Administration of Foreign Exchange. Administration of Foreign Exchange, SAFE) of the People’s Republic of China, Day.Az reports with reference to Interfax.
At the same time, in the fourth quarter of last year, direct investment obligations increased by $17.5 billion.
These liabilities reflect the amount of foreign enterprise profits that have not been transferred out of China and investments in its capital markets.
SAFE also reported that the country’s current account surplus was $264.2 billion in 2023, or about 1.5% of GDP. The trade surplus in goods amounted to $608 billion (the second largest figure in history), the trade deficit in services amounted to $229.4 billion.
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