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October 21, 2021

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High-tech leads 20% FDI surge

Foreign direct investment into the Chinese mainland, in actual use, rose 19.6 percent year on year in the first nine months of the year, the Ministry of Commerce said yesterday.

Non-financial FDI into the country totaled 859.5 billion yuan — or US$129.3 billion US dollars — up 25.2 percent year on year.

FDI into the services sector increased 22.5 percent in yuan terms.

High-tech industries saw FDI inflow jumping 29.1 percent year on year, data from the ministry showed.

Foreign investments into the mainland from the 10 members of the Association of Southeast Asian Nations surged 31.4 percent.

And that from the almost 70 countries of the Belt and Road Initiative jumped 31.9 percent, Ministry’s figures showed.


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