emirates7 - Between January and October 2024, a total of 46,893 new foreign-invested enterprises were established in China, marking an 11.8% year-on-year increase, according to the Ministry of Commerce, as reported by Xinhua News Agency on Friday.
During the same period, foreign direct investment (FDI) actually utilized in the Chinese mainland amounted to 693.21 billion yuan (approximately 96.29 billion U.S. dollars), reflecting a 29.8% decline compared to the previous year, the ministry stated on its website.
The hi-tech manufacturing industry accounted for 80.18 billion yuan, or 11.6%, of the total FDI inflow, representing a 0.7 percentage-point rise from the corresponding period in 2023.
Remarkably, FDI inflows into the medical equipment and instrument manufacturing sector soared by 61.7%, while investments in computer and office device manufacturing increased by 48.8% during this timeframe.
From a geographical perspective, FDI originating from Germany and Australia saw year-on-year growth of 7.5% and 6%, respectively, according to ministry data.
During the same period, foreign direct investment (FDI) actually utilized in the Chinese mainland amounted to 693.21 billion yuan (approximately 96.29 billion U.S. dollars), reflecting a 29.8% decline compared to the previous year, the ministry stated on its website.
The hi-tech manufacturing industry accounted for 80.18 billion yuan, or 11.6%, of the total FDI inflow, representing a 0.7 percentage-point rise from the corresponding period in 2023.
Remarkably, FDI inflows into the medical equipment and instrument manufacturing sector soared by 61.7%, while investments in computer and office device manufacturing increased by 48.8% during this timeframe.
From a geographical perspective, FDI originating from Germany and Australia saw year-on-year growth of 7.5% and 6%, respectively, according to ministry data.