Business News Asia
According to the Chinese Ministry of Commerce, foreign direct investment flowing into China in the first seven months rose 17.3% year on year to 798.33 billion yuan.
In dollar terms, foreign direct investment increased by 21.5% year-on-year to $123.92 billion in the first seven months.
According to the report, China’s high-tech industry recorded a 32.1% year-on-year increase in FDI, while total FDI in the service sector rose 10% to 598.92 billion yuan.
FDI in the high-tech manufacturing sector increased by 33% compared to the same period last year, while in the high-tech services sector it increased by 31.8%.
In the first seven months of 2022, FDI from South Korea, the U.S., Japan, and Germany increased by 44.5%, 36.3%, 26.9%, and 23.5%, respectively.
From January to July, FDI in western China grew strongly by 41.2% year-on-year, followed by central China at 30% and eastern China at 15.2%.