The Strategist

Mainland China's FDI in use rise up to 31%


03/15/2021 - 03:08



The volume of foreign direct investment (FDI) actually used in the Chinese mainland economy rose 31.5 per cent year-on-year to 176.76 billion yuan in the first two months of the year, the Chinese Ministry of Commerce said.



pixabay
pixabay
In dollar terms, inflows rose 34.2 percent year on year to $26.07 billion. Foreign investment in services amounted to 141.74 billion yuan in the period, up 48.7 percent from a year earlier.

China's eastern, central and western regions attracted 32.3%, 11.1% and 50.9% of all foreign direct investment respectively.

The volume of FDI actually used by mainland China, rose 6.2% year-on-year to a record 999.98 billion yuan in 2020.

In the first two months of this year, total foreign direct investment rose 31.5 per cent year-on-year to nearly 177 billion yuan (more than $26 billion), Xinhua earlier reported, citing information released by China's Ministry of Commerce.

Leading the way regionally are the country's western regions, which saw a 51% increase in investment, while the most developed coastal provinces on the east coast saw 32% increase. 

Meanwhile, the total amount of foreign direct investment used from abroad in the mainland, according to earlier data, has risen to a record almost RM1 trillion year-on-year.

source: reuters.com




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