Pic: Shutterstock/ chinahbzyg
China’s foreign direct investment (FDI) in actual use saw a growth of 6.1 per cent year-on-year (YoY) to reach 268.44 billion yuan in January and February 2023, as per government data. In terms of US dollars, FDI inflow increased by 1 per cent YoY to $39.71 billion.
FDI inflow for high-tech industries saw a significant rise of 32 per cent from the previous year, whereas high-tech manufacturing witnessed a massive surge of 68.9 per cent, according to China’s ministry of commerce.
Additionally, during this period, investments from Belt and Road countries and the Association of Southeast Asian Nations rose by 11 per cent and 11.8 per cent YoY, respectively.
FDI investment in China rose by 14.5 per cent YoY in January 2023, reaching 127.69 billion yuan. When converted to US dollars, the country’s FDI inflow for the period increased by 10 per cent to $19.02 billion, compared to the corresponding period of the previous year.