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.

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.