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FDI into Chinese mainland saw remarkable increase in Jan-Aug

By Zhong Nan | | Updated: 2022-09-19 11:05
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A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily]

Actual use foreign direct investment into the Chinese mainland expanded 16.4 percent on a yearly basis to 892.74 billion yuan in the first eight months of 2022, the Ministry of Commerce said on Monday.

In US dollar terms, the inflow soared 20.2 percent from the same period a year ago to $138.41 billion, according to the ministry.

Service sector received 662.13 billion yuan of foreign investment between January and August, up 8.7 percent year-on-year.

High-tech industries saw a rapid FDI increase of 33.6 percent during this period. Specifically, foreign investment in high-tech manufacturing rose 43.1 percent, while that in the high-tech service sector jumped 31 percent.

Investment from the Republic of Korea, Germany and Japan climbed by 58.9 percent, 30.3 percent and 26.8 percent, year-on-year, respectively.

FDI flowing into the country's eastern region reported a 14.3 percent surge during the January-August period, followed by 27.6 percent in the central region and 43 percent in the western region, on a yearly basis.

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