Photo taken on Jan. 7, 2020 shows an inside view of Tesla Shanghai gigafactory in east China's Shanghai. (Xinhua/Ding Ting)
BEIJING, Jan. 21 (Xinhua) -- China has become a "stabilizer" and "safe haven" for cross-border investment, contributing to the global economic recovery, said Zong Changqing, an official from the Ministry of Commerce Wednesday.
Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 6.2 percent year on year to a record high of 999.98 billion yuan in 2020, the Ministry of Commerce said Wednesday.
In U.S. dollar terms, the inflow went up 4.5 percent year on year to 144.37 billion dollars.
The country managed to emerge from COVID-19 and meet its target of stabilizing foreign investment in 2020, bucking the downward trend in global foreign investment, the ministry said.
A staff member works in a microbiological lab at Bayer HealthCare Company Limited Qidong Branch in Qidong, east China's Jiangsu Province, Dec. 2, 2020. (Xinhua/Zhang Yuwei)
People shop at a retail store of Uniqlo in east China's Shanghai, Aug. 28, 2020. (Xinhua/Fang Zhe)
A visitor experiences an IOLMaster 500 device at the booth of German technology enterprise ZEISS during the third China International Import Expo in Shanghai, east China, Nov. 6, 2020. (Xinhua/Chen Yehua)
A worker works on the assembly line at the workshop of Trelleborg Wheel System (Xingtai) Co. Ltd., a foreign-funded company, in Xingtai, north China's Hebei Province, Feb. 24, 2020. (Xinhua/Mu Yu)
Photo taken on Nov. 12, 2020 shows a wind turbine manufactured by Vestas Wind Technology (China) Co. Ltd. in north China's Tianjin Municipality. (Vestas/Handout via Xinhua)
Staff members are seen at Bayer HealthCare Company Limited Qidong Branch in Qidong, east China's Jiangsu Province, Dec. 2, 2020. (Xinhua/Zhang Yuwei)
Tesla CEO Elon Musk speaks at the Tesla China-Made Model Y Program Opening Ceremony in east China's Shanghai, Jan. 7, 2020. (Xinhua/Ding Ting)■
