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A view of the skyline in Shanghai, China, October 25, 2022. /CFP
Foreign direct investment (FDI) in the Chinese mainland, in actual use, reached 1.23 trillion yuan in 2022, a 6.3 percent increase from the previous year, the Ministry of Commerce said Wednesday.
In U.S. dollar terms, FDI inflow totaled $189.13 billion, up 8 percent year on year.
The manufacturing industry saw FDI inflow surge to 323.7 billion yuan, a year-on-year increase of 46.1 percent, while the hi-tech sector rose 28.3 percent compared to the previous year, data from the ministry showed.
During this period, investment from the Republic of Korea saw an increase of 64.2 percent, that from Germany climbed 52.9 percent, and that from the U.K. saw a rise of 40.7 percent. Meanwhile, investment from the European Union registered a sharp rise of 92.2 percent year on year.
Separately, China's State Council issued a notice on Wednesday to encourage foreign investment in establishing research and development (R&D) centers within the country.
China will encourage financial institutions to offer support to these centers, the notice said. Additionally, it pledged to efficiently conduct security assessments on the cross-border flow of data and personal information to ensure the safe, orderly and free flow of R&D data.
(With input from Xinhua)
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Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466