Chinese FDI increased 3.3% year-on-year
The Chinese economy increasingly attracts foreign investment, especially thanks to solid production and high-tech investments by China. Foreign direct investment (FDI) in China has continued to grow steadily in the first 10 months of this year. The Chinese FDI are, in fact, as confirmed by the Ministry of Commerce, increased by 3.3% on an annual basis to 701.16 billion yuan (about 107.7 billion US dollars) in the period January-October.
The number of new companies financed abroad increased by 89.3% compared to the previous year to 49,545.
About 220 billion yuan of foreign investment went to the manufacturing sector
About 220 billion yuan of foreign investment went to the manufacturing sector, with an increase of 12.4% compared to a year ago, while funds pumped in the high-tech sectors rose by 11.4%, equal to 22, 4% of the total FDI.
Investments from the United Kingdom rose by 175.9%, with the area being the fastest among the main Chinese investment sources, while investments from countries along the Belt and Road routes recorded stable growth of 11, 9%.
The pilot free trade areas in the country have seen an inflow of foreign direct investments of 10.5% and represent 12.5% of the total FDI.
Non-financial direct investments rose by almost 4 percentage points in one year
The data also show that China’s non-financial direct outbound investments rose 3.8% to $ 89.57 billion, with the majority going to sectors such as business services, manufacturing and retail sales.
Lastly, the countries along the Belt and Road routes remained attractive destinations, with investments from China increasing by 6.4%.
MORE ON THIS TOPIC