The Chinese Ministry of Commerce released the latest financial data today, which showed that the value of real foreign investment in China in the first quarter of this year was 302.47 billion yuan.
This volume of foreign investment is 39.9% higher than the same period last year. In addition, the number of new foreign-invested businesses in China stood at 10,263, up 47.8 percent from the same period last year.
Investment from the Belt and Road countries, ASEAN and the European Union increased by 58.2%, 60% and 7.5%, respectively.
Gao Feng, a spokesman for the Ministry of Commerce, said Sino-US trade grew sharply in the first quarter, with China’s exports to the United States up 62.7 percent and imports from the United States to China up 57.9 percent.
The spokesman said that the two sides should create a conducive environment for the promotion of economic and trade cooperation on the basis of mutual respect and equality.