
Foreign direct investment (FDI) inChinain 2019 grew the most in two years, though outbound investment declined amid continuing capital controls.
FDI was up 5.8 per centyear-on-year to 941.5 billion yuan ($136.71 billion) last year, the commerce ministry said on Tuesday, the biggest rise since 2017 when it grew 7.9 per centin yuan terms.
Chinaremained the second-largest recipient of FDI globally, said Chinese Vice Commerce Minister Qian Keming at a news briefing on Tuesday in Beijing.
China's outbound direct investment (ODI) declined 8.2 per centto $110.6 billion in 2019, said Qian.
The structure of ODI is more "balanced" with most flows to rental and commercial services, manufacturing, distribution and retail, he said.
China's non-financial ODI rose just 0.3 per centin 2018 having dropped sharply in 2017 as authorities kept a tight grip on outflows for what they termed "irrational" overseas projects.
Qian said $15 billion of investment accounting for 13.6 per centof the total flowed to countries that are along the Belt and Road,China's ambitious plan to build a modern version of the Silk Road to linkChinawith Asia, Europe and beyond through large-scale infrastructure projects.
Investment by Chinese firms was once a significant driver of global asset prices from property to mergers and acquisitions. But it has fallen sharply since Beijing tightened capital controls in 2016.
In yuan terms,China's total ODI declined 6 per centto 807.95 billion yuan in 2019.