China attracts $71.36 bn in FDI during Jan-April 2023

19 May '23

1 min read

Pic: Shutterstock/Dilok Klaisataporn

Insights

In the first four months of 2023, China's foreign direct investment (FDI) utilisation rose by 2.2 per cent YoY to 499.46 billion yuan, with the manufacturing sector drawing 130.05 billion yuan, a 4.1 per cent increase.
High-end manufacturing saw a significant 37.1 per cent YoY boost.
Major FDI contributors included France, the UK, Japan, and South Korea.

China’s foreign direct investment (FDI) utilisation has grown by 2.2 per cent year-on-year (YoY), reaching 499.46 billion yuan (around $71.36 billion) during January-April, 2023, as per government data. The country’s FDI inflow in actual use had grown by 4.9 per cent YoY to 408.45 billion yuan (about $59.2 billion) in the first quarter of 2023.

The manufacturing sector saw a 4.1 per cent increase in global capital, attracting 130.05 billion yuan. Notably, high-end manufacturing received a significant boost, experiencing a 37.1 per cent surge year-on-year, according to China’s ministry of commerce.

Among the major contributors to FDI, France, the UK, Japan, and South Korea witnessed impressive growth rates of 567.3 per cent, 323.7 per cent, 68.1 per cent, and 30.7 per cent respectively, on a yearly basis.

Fibre2Fashion News Desk (NB)

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