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China's FDI up 9.9% in first 11 months
Updated 20:34, 23-Dec-2022
CGTN

Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 9.9 percent year on year to nearly 1.16 trillion yuan in the first 11 months of the year, the Ministry of Commerce said Friday.

FDI reached $178 billion in U.S. dollar terms, up 12.2 percent from last year.

The service industry saw FDI inflow increase by 0.9 percent year on year to 842.61 billion yuan, while that of high-tech industries jumped by 31 percent from a year earlier, data from the ministry showed.

Specifically, FDI in high-tech manufacturing surged 58.8 percent from the same period a year ago, while that in the high-tech service sector rose 23.5 percent year on year.

During the period, investment from the Republic of Korea jumped 122 percent, Germany rose 52.6 percent, the UK climbed 33 percent, and Japan gained 26.6 percent.

FDI flowing into the country's central region reported a year-on-year increase of 28.6 percent, followed by 24.6 percent in the western region and 7.7 percent in the eastern region.

Non-financial ODI up 

The ministry also announced Friday that China's non-financial outbound direct investment (ODI) reached 687.86 billion yuan in the first 11 months, up 7.4 percent year on year. 

ODI rose 3.6 percent to $102.66 billion in U.S. dollar terms.

In the first 11 months, outbound leasing and business services investment rose 14.3 percent compared with the same period last year to reach $34.37 billion.

Investment in multiple fields, including manufacturing, wholesale and retail, and construction, registered growth.

During the same period, non-financial direct investment in countries along the Belt and Road increased 6.5 percent year on year to $19.16 billion, accounting for 18.7 percent of total ODI.

(Source: Xinhua with edits; Cover via CFP) 

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