#RCEP

  • China vows to expand global free trade area network

    China will step up efforts to expand the free trade area network across the world to enlarge its "circle of friends", according to China's Commerce Minister Zhong Shan.

    After signing the Regional Comprehensive Economic Partnership (RCEP), China will see the China-Cambodia free trade agreement take effect at the earliest and accelerate investment agreement negotiations with Europe, Zhong said in a signed article published Tuesday in the People's Daily.

  • China’s FDI bullish amidst headwinds

    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.

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