China’s foreign direct investment (FDI) utilisation has grown by 2.2 per cent year-on-year (YoY), reaching 499.46 billion yuan (around $71.36 billion) during January-April, 2023, as per government data. The country’s FDI inflow in actual use had grown by 4.9 per cent YoY to 408.45 billion yuan (about $59.2 billion) in the first quarter of 2023.
The manufacturing sector saw a 4.1 per cent increase in global capital, attracting 130.05 billion yuan. Notably, high-end manufacturing received a significant boost, experiencing a 37.1 per cent surge year-on-year, according to China’s Ministry of Commerce.
Among the major contributors to FDI, France, the UK, Japan, and South Korea witnessed impressive growth rates of 567.3 per cent, 323.7 per cent, 68.1 per cent, and 30.7 per cent respectively, on a yearly basis.
