WASHINGTON - Non-resident capital flows into China reached 485 billion US dollars in 2018, and are expected to grow by 90 billion dollars, or 18.6 percent in 2019, new data from the Institute of International Finance (IIF) showed.

According to the capital flows report released by the IIF on Friday, China's net foreign direct investment (FDI) bounced back from an outflow of 42 billion dollars in 2016 to an inflow of 107 billion dollars last year.

The IIF, a Washington-based association of global financial institutions, predicts China's net FDI to be around 70 billion dollars per year in 2019 and 2020.

The report noted that China attracted large portfolio inflows last year, with its bond market bringing in 100 billion dollars in 2018, up from 88 billion dollars in 2017. China also attracted 61 billion dollars of equity inflows last year, up from 36 billion dollars of inflows in 2017.

The IIF report expects net portfolio flows into China to reach 105 billion dollars and 111 billion dollars in 2019 and 2020, respectively.

The report forecasts a "relatively modest" rebound in non-resident capital flows to emerging markets this year and next year, due to loose monetary policy in developed economies such as the United States, Europe and Japan.

The IIF projected inflows of 1,260 billion dollars for emerging markets in 2019, up from 1,135 billion dollars in 2018, with a further modest recovery next year.

"Overall, however, we believe the world is a more difficult place for emerging markets that depend on foreign capital inflows," the report said.