Economic review

FDI from U.S. reaches $80 bln by end of 2016

2017-2-21 16:16:00 (Beijing Time)         chinadaily.com.cn

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Foreign direct investment from the United States to China amounted to $80 billion in 67,000 projects by the end of 2016, data from the Ministry of Commerce show.

FDI from the U.S. accounted for 7.8 percent and 4.5 percent of China's approved foreign-funded enterprises and the actual use of foreign investment. They had been important to China's job market, financial revenue and economy.

In terms of goods trade, China is the fastest growing export market to the U.S. except Northern America.

Over the past decade, the average growth rate of the U.S. exports to China has reached 11 percent annually.

China is the largest export market for products of aircraft manufacturing, soybeans and agriculture in the U.S.

China purchased 26 percent of Boeing aircraft, 56 percent of soybeans, 16 percent of vehicles and 15 percent of agricultural products over the past decade.