China’s foreign direct investment (FDI) in 2018 hit a record high of US$134.97 billion, an increase of 3% from a year earlier, data released by the Ministry of Commerce on Monday showed, 21st Century Business Herald reported.

China continued to attract FDI amid a sharp drop in investment globally. According to the Global Investment Trends Monitor report released by the United Nations Conference on Trade and Development, global FDI fell by 41% in the first half of 2018, and that of developed countries dropped by 69%.

However, China remains a foreign investment hotspot. Zhong Shan, the minister of commerce, said 90% of companies believe that China is one of the most important markets, and 95% of companies said they will increase their investment or maintain their current levels of investment in the coming year.

Zhong also emphasized that “stabilizing foreign investment” remains a high government priority. The ministry will continue to expand access to the Chinese market, allowing foreign investors to operate independently in more areas, the report said.