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FDI into Chinese mainland falls 5.1% YoY to 847.17 bn yuan in Jan-Aug
17 Sep '23
1 min read
Insights
- Foreign direct investment (FDI) inflow into the Chinese mainland in actual use fell by 5.1 per cent year on year (YoY) to 847.17 billion yuan in the first eight months this year, according to the commerce ministry.
- During the period, 33,154 new foreign-invested firms were set up across the country—up by 33 per cent YoY.
- FDI in manufacturing rose by 6.8 per cent YoY.
Foreign direct investment (FDI) inflow into the Chinese mainland in actual use fell by 5.1 per cent year on year (YoY) to 847.17 billion yuan (nearly $118 billion) in the first eight months this year, according to the commerce ministry.
A ministry official attributed the drop to the slow pace of the global economic recovery and the high base recorded last year.
During the period, 33,154 new foreign-invested firms were set up across the country—up by 33 per cent YoY, the official was quoted as saying by a state-controlled media outlet.
FDI in manufacturing rose by 6.8 per cent YoY.
FDI from the United Kingdom, Canada and France rose by 132.6 per cent, 111.2 per cent and 105.6 per cent respectively during the period.
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