2022 RT Banner.gif

China Daily

News> Business> Content
Published: 16:43, August 18, 2022 | Updated: 21:13, August 18, 2022
China's FDI inflow up 17.3% in first seven months
By Xinhua
Published:16:43, August 18, 2022 Updated:21:13, August 18, 2022 By Xinhua

Photo taken on Dec 21, 2021 shows the inside of the new Tiexi Plant of BMW Brilliance Automotive in Shenyang, northeast China's Liaoning province. (PHOTO / XINHUA)

BEIJING - Foreign direct investment in the Chinese mainland, in actual use, expanded 17.3 percent year-on-year to 798.33 billion yuan in the first seven months of the year, the Ministry of Commerce said Thursday.

The service industry saw inflows of foreign direct investment jump by 10 percent year-on-year to 598.92 billion yuan, while that of high-tech industries surged by 32.1 percent from a year earlier, data from the Ministry of Commerce showed

In US dollar terms, the inflow went up 21.5 percent year-on-year to US$123.92 billion.

The service industry saw FDI inflows jump by 10 percent year-on-year to 598.92 billion yuan, while that of high-tech industries surged by 32.1 percent from a year earlier, data from the ministry showed.

ALSO READ: China's trade in services beats pre-pandemic level in scale

Specifically, FDI in high-tech manufacturing rose 33 percent from the same period a year ago, while that in the high-tech service sector surged 31.8 percent year-on-year, the data showed.

During this period, investment from the Republic of Korea, the United States, Japan and Germany climbed by 44.5 percent, 36.3 percent, 26.9 percent and 23.5 percent, respectively.

READ MORE: Nation's foreign trade up sharply in July

In the January-July period, FDI flowing into the country's western region reached a rapid year-on-year increase of 41.2 percent, followed by 30 percent in the central region, and 15.2 percent in the eastern region.

Meanwhile, the ministry's data showed that China's non-financial outbound direct investment reached 424.28 billion yuan in the first seven months of the year, up 4.4 percent year-on-year.

In US dollar terms, the ODI rose 3.6 percent from a year ago to $65.06 billion, according to the ministry.

Outbound leasing and business services investment rose 24.5 percent from a year earlier to US$22.38 billion.

Investment in multiple fields, including wholesale and retail, manufacturing, and construction, registered growth.

In the first seven months, non-financial direct investment into countries along the Belt and Road increased 5.1 percent year on year to US$11.87 billion.

Share this story

CHINA DAILY
HONG KONG NEWS
OPEN
Please click in the upper right corner to open it in your browser !