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Multiple sectors see rise in foreign investment

By Zhong Nan Updated: 2023-12-22
Containers are unloaded at Qingdao Port in Shandong province in March. [Photo by Yu Fangping/For China Daily]

China saw the number of newly established foreign-invested enterprises reach 48,078 during the first 11 months of 2023, soaring 36.2 percent year-on-year, data from the Ministry of Commerce showed.

In the meantime, foreign direct investment into the Chinese mainland in terms of actual use dropped 10 percent year-on-year to 1.04 trillion yuan ($145.55 billion) from January to November.

China's manufacturing sector utilized 294.17 billion yuan in foreign investment, a decrease of 2.1 percent on a yearly basis between January and November, said the ministry on an online statement.

Within this sector, high-tech manufacturing saw a 1.8 percent increase on a yearly basis in foreign investment during this period. Specifically, the medical equipment and instrument manufacturing, as well as the electronics and communications equipment manufacturing businesses, experienced growths of 27.6 percent and 5.5 percent year-on-year, respectively.

During the 11-month-period, FDI from the United Kingdom, France, the Netherlands, Switzerland and Australia into Chinese market surged by 93.9 percent, 93.2 percent, 34.1 percent, 23.3 percent, and 14.3 percent, year-on-year, respectively.