Tourists visit the Bund during the Lunar New Year holiday in east China’s Shanghai, Feb. 16, 2021. Photo:VCG
China, which achieved a V-shaped economic recovery last year, attracted 176.76 billion yuan ($27.18 billion) in foreign investments in January-February, up 31.5 percent year-on-year, the commerce ministry said on Friday.
By source of the investments, those from the European Union increased 31.5 percent, the Association of Southeast Asian Nations (ASEAN) 28.1 percent and countries along the Belt and Road Initiative 26.2 percent.
“The growth shows confidence by global investors in China’s economy, as the country takes the lead in recovering from the coronavirus bite worldwide,” Bai Ming, deputy director of the international…