China has managed to overcome challenges and maintain its appeal to foreign investors in 2020. According to official statistics, foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 6.2 percent year-on-year to a record high of 999.98 billion yuan in 2020.
The country’s auto market saw a V-shared turn along with a bounce in investment and export over the last year, said Stephan Wöllenstein, CEO of Volkswagen Group China. In 2020, the company delivered 3.85 million vehicles in China, representing a market share of 19.3 percent, he introduced.