In this undated file photo, employees work on an electronics production line of Siemens in Suzhou, Jiangsu province. (PHOTO BY HUA XUEGEN / FOR CHINA DAILY)
BEIJING - Foreign direct investment into the Chinese mainland, in actual use, expanded 11.6 percent year-on-year to 102.28 billion yuan in January, the Ministry of Commerce said Tuesday.
In US dollar terms, the inflow went up 17.6 percent year-on-year to $15.84 billion.
Foreign investment in the service industry amounted to 82.3 billion yuan last month, up 12.2 percent year on year, while inflow to high-tech industries surged 26.1 percent, the data showed
Foreign investment in the service industry amounted to 82.3 billion yuan last month, up 12.2 percent year on year, while inflow to high-tech industries surged 26.1 percent, the data showed.
Investments from countries along the Belt and Road and ASEAN countries increased 28.4 percent and 29.1 percent, respectively.
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The data came as Chinese authorities have warned of the triple pressure of demand contraction, supply shocks, and weakening expectations amid an increasingly complicated external environment despite a vibrant economic rebound in 2021.
Against this backdrop, the double-digit growth reflected China's sustained attraction for foreign investments, noted Liu Xiangdong, a researcher with the China Center for International Economic Exchanges.
With government policies aimed at stabilizing foreign trade and investments taking effect, China will continue to see notable foreign investment inflows to high-tech industries and the central and western regions, Liu said.
READ MORE: China FDI inflows hit record high in 2021
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