As many as 3,919 new foreign-invested enterprises were incorporated last month, according to the calculations based on figures from the commerce ministry. Photo: Bloomberg
Economy /  China Economy

China paints rosy picture of foreign investment despite Donald Trump’s claim ‘thousands’ of firms are leaving

  • Foreign direct investment (FDI) into China in July rose 4.1 per cent from a year ago to US$8.07 billion, according to China’s Ministry of Commerce
  • US President Donald Trump claims companies are fleeing China because of tariffs imposed by his administration over the last 16 months of the trade war
Topic |   China economy
Orange Wang
Orange Wang

Updated: 10:02pm, 13 Aug, 2019

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As many as 3,919 new foreign-invested enterprises were incorporated last month, according to the calculations based on figures from the commerce ministry. Photo: Bloomberg
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Orange Wang

Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.