Number of foreign-invested firms in China up 11.8 pct in first 10 months
Xinhua, November 20, 2024 Adjust font size:
A total of ４６,８９３ new foreign-invested firms were established across China in the first １０ months of ２０２４, an increase of １１.８ percent year on year, the Ministry of Commerce said on Friday.
During this period, foreign direct investment (FDI) in the Chinese mainland in actual use totaled ６９３.２１ billion yuan (about ９６.２９ billion U.S. dollars), down ２９.８ percent from a year earlier, the ministry revealed in a statement on its website.
The hi-tech manufacturing sector attracted ８０.１８ billion yuan, or １１.６ percent, of the total FDI inflow, up ０.７ percentage points from the same period of ２０２３.
Notably, FDI inflows into medical equipment and instrument manufacturing surged ６１.７ percent, while inflows into computer and office device manufacturing grew by ４８.８ percent in this period.
In terms of source countries, FDI from Germany and Australia increased by ７.５ percent and ６ percent year on year, respectively, data from the ministry showed.