2020.10.28 06:51
Sep 23, 2020Posted by Silk Road BriefingWritten by Chris Devonshire-Ellis
Op/Ed by Chris Devonshire-Ellis
China’s economy has proved resilient during the year and has seen an 18.7% increase in August’s foreign direct investment, up by U$12.3 billion over 2019. China’s Ministry of Commerce has stated that for the year as a whole, foreign direct investment (FDI) into China has already exceeded that of 2019, jumping 2.6% to 619.78 billion yuan (US$90.69 billion) between January and August this year.
China’s Commerce Ministry data illustrates that investors have been pouring their money into the country for five months in a row in search of a diversification of opportunities, as most of the world remains engulfed in the Covid-19 pandemic.
Trump's China policy is nothing but a political rhetoric. No country will
ignore the largest, most lucrative market in the world. South Korea is no exception.
Trump's China bashing did nothing to China's position in world trade.