Mofcom: In the first two months of this year, foreign investment in China increased by 37.9% year on year

2022-05-01 0 By

Beijing, March 14 (By The People’s Daily Online) According to the website of the Ministry of Commerce, from January to February 2022, the actual use of foreign capital in China was 243.7 billion YUAN, up 37.9% (37.86 billion US dollars, up 45.2% year on year;Excluding banking, securities and insurance, the same below).In terms of sectors, foreign investment actually used in the service sector reached 175.7 billion yuan, up 24 percent year-on-year.Utilized foreign investment in high-tech industries increased by 73.8% year on year, with high-tech manufacturing up by 69.2% and high-tech service up by 74.9%.In terms of sources, actual investment from countries along the Belt and Road and ASEAN increased by 27.8 percent and 25.5 percent respectively.In terms of regional distribution, actual utilized FDI increased by 36.6% in the eastern, 74.9% in the central and 13% in the western regions.In 2021, China’s foreign investment absorption hit another record high, surpassing 1 trillion yuan for the first time, reaching 1.15 trillion yuan.It was the first double-digit growth in nearly a decade, with growth of 14.9 percent.