Tang Wenhong: Investment and Chinese Market

tang wenhong: Transnational direct investment dropped in three consecutive years, from 1.9 trillion in 2015 to 1.3 trillion in 2018, the official said, according to Global Times China. China has attached great importance to attracting foreign capital and will continue efforts to advance foreign investment in the domestic market, Tang said. Foreign direct investment FDI in the Chinese market rose 6.8 percent year-on-year from January to May, and the country's FDI reached a record high of 134.9 billion in 2018, up 3 percent on a yearly basis, according to data released by the Ministry of Commerce MOFCOM . However, the total transnational direct investment in 2018 has fallen to the lowest level since the global financial crisis, Tang Wenhong, director of the Department of Foreign Trade Administration of MOFCOM, told a meeting in Beijing. The country has edited its negative list five times during the past six years, he said. The two negative lists will take effect from July 30. On Sunday, China released the 2019 version of national negative list and the negative list for free trade zones to further open sectors like agriculture, mining and advanced manufacturing. (news.financializer.com). As reported in the news.