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China's FDI use numbers up in January

By Liu Zhihua chinadaily.com.cn Updated: 2023-02-21
Containers at a port in Qingdao, East China's Shandong province, on Jan 22, 2023. [Photo/VCG]

The actual use of foreign capital on the Chinese mainland hit 127.69 billion yuan ($18.61 billion) in January, up 14.5 percent year-on-year, according to the Ministry of Commerce on Monday.

In US dollar terms the increase was $19.02 billion, a 10 percent jump from a year ago.

Actual use of foreign capital in the manufacturing industry surged 40.4 percent year-on year during the period, while the growth rate for high-tech industries was 62.8 percent.

Growth rates for the high-tech manufacturing and service industries were 74.5 and 59.6 percent respectively.

Growth of the actual use of foreign capital in the eastern, central and western regions was 13.4, 25.9 and 21.6 percent respectively.