Foreign direct investment (FDI) in non-financial sector in China increased 3.8 percent year-on-year to 343.6 billion yuan in the first five months of 2016. From January to May, investment in the services sector was up 7.0 percent to 241.8 billion yuan, representing 70.4 percent of total FDI.
Premier Li Keqiang assures foreign firms that more will be done to tackle financial risks at Summer Davos Forum in Tianjin on Tuesday. He promised wider market access for foreign investment and the country is committed to building an environment for fair competition.
“Foreign technology and managerial expertise will help Chinese companies and the country’s industrial upgrading,” Li said. He also acknowledged the contribution of foreign firms in facilitating China’s efforts to push economic transformation and upgrading through reform and innovation.
According to the Ministry of Commerce of the People’s Republic of China, Foreign Direct Investment in China averaged US$4156 million from 1997 until 2016, reaching an all-time high of US$12,627 million in December of 2015 and a record low of US$183.2 million in January of 2000.
Rani Jarkas, Chairman of Cedrus Investments, an investment pioneer with years of financial experience in Asia, said, “Although facing many challenges, China still has the great potential for investment and should become the world’s most appealing destination for investment in the near future.”
Rani Jarkas, the Chairman of Cedrus Investments.
Rani Jarkas is a highly experienced financial services executive, with over 20 years of international banking experience. Currently, Mr. Jarkas is the Chairman of Cedrus Investments, a global boutique investment firm. Cedrus’ domain expertise is in life sciences, natural resources, energy, cleantech and nanotechnology. – Rani Jarkas