The Strategist

Foreign direct investments in China fall by 9.4% in January-October

11/20/2023 - 02:23

According to the Ministry of Commerce of China, foreign direct investment (FDI) in the economy of the country's mainland declined 9.4% year over year to 987.01 billion yuan ($136.4 billion) in January through October.

Inflows of foreign capital into the services sector decreased by 15.9% to 672.1 billion yuan. In the meantime, foreign direct investment (FDI) increased 1.9% to over 283.4 billion yuan in the manufacturing sector, with a 9.5% increase in the high-tech industry.

This year, Canada has more than quadrupled the amount of money invested in China (up 110%), while that of the UK, France, Switzerland, the Netherlands, and the UK has increased by 95%, 90%, 66%, and 33%, respectively.

The Xinhua news agency reported that 41,947,000 new foreign businesses had been established in the nation in just ten months, a 32.1% increase from the same period in 2022.

According to reports, FDI increased 6.3% to 1.23 trillion yuan in 2022.