Foreign direct investment in China declines in Jan-Nov 2023

22 Dec '23

1 min read

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Foreign direct investment in China fell by 10 per cent year-on-year to about $146.45 billion in the first 11 months.
Contrastingly, new foreign-invested firms increased by 36.2 per cent, with 48,078 new companies.
FDI from the UK, France, and the Netherlands grew significantly, with increases of 93.9 per cent, 93.2 per cent, and 34.1 per cent, respectively.

Foreign direct investment (FDI) in China experienced a significant decline in the first 11 months of the year, according to a recent update from the ministry of commerce. The FDI in actual use on the Chinese mainland totalled approximately 1.04 trillion yuan, which is about $146.45 billion. This represents a 10 per cent decrease compared to the same period last year.

However, in a contrasting trend, the number of new foreign-invested firms established in China showed a notable increase. During the same period, the country saw the establishment of 48,078 new firms with foreign investment, marking a substantial year-on-year rise of 36.2 per cent.

Despite the overall decline in FDI, investment from certain countries saw remarkable growth. Investment from the UK, France, and the Netherlands surged significantly. The FDI from the UK increased by 93.9 per cent, from France by 93.2 per cent, and from the Netherlands by 34.1 per cent, as per the ministry data.

Fibre2Fashion News Desk (DP)

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