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China's FDI inflow surpasses 1t yuan in Jan-Sept

Updated: October 27, 2022 20:10    Xinhua

BEIJING — Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 15.6 percent year-on-year to 1.00376 trillion yuan in the first nine months of the year, the Ministry of Commerce said on Oct 27.

In US dollar terms, the inflow went up 18.9 percent year-on-year to $155.3 billion.

The service industry saw FDI inflow jump by 6.7 percent year-on-year to 741.43 billion yuan, while that of high-tech industries surged by 32.3 percent from a year earlier, data from the ministry showed.

Specifically, FDI in high-tech manufacturing rose 48.6 percent from the same period a year ago, while that in the high-tech service sector surged 27.9 percent year-on-year.

During the period, investment from Germany, the Republic of Korea, Japan, and the United Kingdom climbed by 114.3 percent, 90.7 percent, 39.5 percent, and 22.3 percent, respectively.

FDI flowing into the country's central region reported a year-on-year increase of 34.8 percent, followed by 33 percent in the western region and 13.3 percent in the eastern region.

Foreign-funded companies in China remain upbeat about the Chinese market and generally speak well of China's business environment as well as macroeconomic policies, Sun Xiao, spokesperson for the China Council for the Promotion of International Trade, told a press conference on Oct 27.

In the third quarter, foreign enterprises' satisfaction ratings on market access, promoting market competition, obtaining business premises and acquiring financial services increased by 1.99, 1.84, 1.52 and 1.43 percentage points, respectively, compared with the second quarter, Sun said, citing a recent survey conducted by the council.