Foreign Direct Investment into China Slumps by 9.4%
Foreign direct investment (FDI) into China declined by 9.4% year-on-year to CNY 987.01 billion in the first ten months of 2023, equivalent to USD 136.40 billion, data from the Ministry of Commerce showed.
FDI in the service sector decreased by 15.9% to CNY 672.10 billion, while in the manufacturing sector, it increased by 1.9% to CNY 283.44 billion.
Notably, investment in high-tech manufacturing rose by 9.5%, with the medical equipment and instrument manufacturing industry experiencing a growth rate of 34.6%, and the electronic and communication equipment manufacturing industry growing by 14.8%.
Additionally, investment in the construction industry and R&D and design services increased by 30.0% and 15.9%, respectively.
Regarding origin, there were increases in investment from Canada (110.3%), the United Kingdom (94.6%), France (90.0%), Switzerland (66.1%), and the Netherlands (33.0%). Foreign Direct Investment into China Slumps by 9.4% Cadbury Nigeria Shrinks Amid 81% Drop in Equity Capital