China's FDI drops 11.7% YoY in January to 112.71 bn yuan

26 Feb '24

1 min read

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In January, China's FDI fell by 11.7 per cent to 112.71 billion yuan compared to last year but rose by 20.4 per cent from December, according to the ministry of commerce.
Significant increases were noted from France (25-fold), Sweden (11-fold), and Germany, Australia, and Singapore.
Additionally, 4,588 new foreign-invested enterprises were established.

In January, foreign direct investment (FDI) in actual use in China declined by 11.7 per cent to reach 112.71 billion yuan (approximately $15.86 billion) compared to the previous year. However, it increased by 20.4 per cent compared to the previous month, according to data released by China’s ministry of commerce.

Furthermore, the ministry highlighted significant increases in FDI from various countries: a 25-fold surge from France, an 11-fold growth from Sweden, and substantial increases of 211.8 per cent, 186.1 per cent, and 77.1 per cent from Germany, Australia, and Singapore, respectively.

During the same period, a total of 4,588 new foreign-invested enterprises were established throughout the nation, reflecting a substantial surge of 74.4 per cent compared to the previous year.

FDI in the high-tech manufacturing sector witnessed an increase of 40.6 per cent compared to the same period last year, Chinese media reports said quoting the ministry.

Fibre2Fashion News Desk (KD)

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