China's high-tech industry FDI up 35.1% in first eight months
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According to the latest data from China's Ministry of Commerce, from January to August 2024, China saw 42,582 newly established foreign-invested enterprises, a year-on-year increase of 0.3%. Actual utilized foreign capital reached 479.95 billion yuan. The structure of foreign investment continued to optimize, with high-tech industries attracting 200.26 billion yuan in actual utilized foreign capital, a surge of 35.1% year-on-year. This accounted for 41.7% of total actual utilized foreign capital, up 12.4 percentage points from the same period last year. Within high-tech sectors, research and development services, technology achievement transformation services, and the manufacturing of electronic and communication equipment saw particularly rapid growth in foreign investment. By source country, actual investment from France and Switzerland grew significantly, increasing by 39.2% and 16.7% respectively.
Source report
CCTV News Client (News Broadcast): According to the latest data from the Ministry of Commerce, China saw 42,582 newly established foreign-invested enterprises in the first eight months of this year, a year-on-year increase of 0.3%. The actual use of foreign capital reached 479.95 billion yuan.
Optimized Structure of Foreign Investment
China's foreign investment structure continues to improve:
- High-tech industries attracted 200.26 billion yuan in actual foreign investment, up 35.1% year-on-year.
- This accounted for 41.7% of the national total, an increase of 12.4 percentage points compared to the same period last year.
- Notable growth was seen in:
- Research and development services
- Technology achievement transformation services
- Manufacturing of electronic and communication equipment
Investment by Source Country
In terms of source countries, actual investment in China from France and Switzerland grew rapidly, increasing by 39.2% and 16.7%, respectively.
Source: CCTV News Client
Source
央视新闻客户端Eastern
Part of this Story
China’s overall FDI falls 5.3% but high-tech investment surges 35.1% in Jan–Aug