Wednesday, October 16, 2024
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Number of new foreign companies in China rises 11.5% in 8 months

Total foreign direct investment into the Chinese mainland in actual use during the period was 580.2 billion yuan (about 81.7 billion U.S. dollars), down 31.5 percent from a year earlier, the ministry said, Xinhua news agency reported.

The high-tech manufacturing sector attracted 12.4 percent, or 72.1 billion yuan, of the total FDI inflow, up 1.9 percentage points from the same period last year.

FDI flows to medical equipment manufacturing and instrument and meter manufacturing increased significantly by 77.8 percent, while flows to computer and office equipment manufacturing grew by 33.9 percent during the period.

With regard to source countries, FDI increased from Singapore andGermany By 11.6 percent and 5.4 percent year-on-year, respectively, the ministry’s data showed.



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