FDI into mainland expands to US$72b
Print Edition
Foreign direct investment into the Chinese mainland rose 2.3 percent year on year to 496.7 billion yuan (US$72.2 billion) in the first seven months of 2018, official data showed yesterday.
In dollar terms, FDI inflow grew 5.5 percent to US$76 billion in the period, according to an online statement released by the Ministry of Commerce.
In July alone, FDI inflow rose 14.9 percent year on year to 50.4 billion yuan.
The number of new overseas-funded companies set up in the January-July period surged 99.1 percent from a year earlier to 35,239, the ministry data showed.
Investment into high-tech industries rose 7.5 percent and took up 21.5 percent of the total FDI, with the high-tech manufacturing sector luring 48.78 billion yuan in overseas investment, up 31 percent.
In the seven-month period, China鈥檚 11 pilot free trade zones saw FDI inflow rise 30 percent to 65.8 billion yuan, with 5,186 new overseas-funded firms created.
Regions in western China used 31.9 billion yuan of overseas investment, up 14.5 percent.
Investment from countries along the Belt and Road surged 29.8 percent, while other major FDI sources also saw healthy growth, the ministry said.
China has rolled out measures to significantly broaden market access since the start of 2018, a year that marks the 40th anniversary of the country鈥檚 reform and opening-up policy.
In late June, China unveiled a shorter negative list for foreign investment, which cuts the number of items on the list to 48 from 63 in the previous version.
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