Recently released by the State Administration of Foreign Exchange balance of payments, according to preliminary data in 2020, direct investment in China $213 billion, up 37% from a year earlier, foreign investors optimistic about China's long-term economic development potential.

Deputy director of the State Administration of Foreign Exchange, news spokesman chun-ying wang, 2020, $298.9 billion in China's current account surplus, and the ratio of the gross domestic product (GDP) in the same period 2%, continue to be in reasonable range, two-way smooth cross-border capital flow, maintain basic balance of payments.

Keep high surplus goods trade. In 2020, the international balance of payments caliber of goods trade surplus to $533.8 billion. Service trade deficit narrowed. Service trade deficit $145.3 billion in 2020, down 44% year-on-year. Direct investment continued high surplus, securities investment two-way active trading. Direct investment surplus $103.4 billion in 2020, up 78% from a year earlier.

Chun-ying wang said that overall, China is speeding up construction of domestic large cycle as the main body, domestic and international binary mutual promotion of the new development pattern, promoting domestic demand and foreign demand, import and export, the coordinated development, the introduction of foreign capital and foreign investment is helpful to maintain basic balance of payments of China.

(source: People's Daily overseas edition)