Thursday, 21 October 2021 02:46 GMT

China's role in international economy vital


(MENAFN) According to the Financial Times, the international economic separating from China is simply not happening, while respecting the momentum of foreign direct investment (FDI) inflowing into the country.

In some serious aspects, China's addition into the international economy continues to intensify, stated John Plender, in an opinion piece issued on Sunday, August 1, referring to earlier discoveries from Nicholas Lardy, a senior investigator at the Peterson Institute for International Economics.

Plender, a senior editorial columnist with the newspaper stated that while international FDI fell by 35 percent last year, inflows into China increased by 6 percent to USD149 billion, partially replicating the country's quick revival from coronavirus.

According to the newspaper in July, based on data from Bloomberg and Credit Agricole, foreign shareholders also bought USD35 billion of Chinese onshore equity stocks and USD75 billion of government bonds in the first six months of 2021, in every case a 50 percent upsurge over the floating pre-coronavirus levels in 2019.



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