China’s foreign direct investment (FDI) inflow saw marginal recovery in March, in contrast to a decline seen in the first three months, official data showed Friday (April 18).
FDI in the Chinese mainland in actual use climbed by 13.2 per cent year on year last month, the Ministry of Commerce said in a statement. In the first three months, FDI inflow totalled ¥269.2 billion (about US$ 37.35 billion), down 10.8 per cent year on year.
During the January-March period, 12,603 new foreign-invested enterprises were established nationwide, representing a year-on-year growth of 4.3 per cent, the ministry said.
In breakdown, actual use of FDI in the manufacturing and services industries during the three-month period stood at ¥71.51 billion and ¥193.33 billion, respectively.
Meanwhile, actual use of FDI in high-tech sectors reached ¥78.61 billion, with FDI in the e-commerce services sector, bio-pharmaceutical manufacturing sector, aerospace equipment manufacturing sector and medical instrument manufacturing sector growing by 100.5 per cent, 63.8 per cent, 42.5 per cent and 12.4 per cent, respectively.
Investments from the Association of Southeast Asian Nations (ASEAN) countries jumped by 56.2 per cent during the period, while those from the European Union increased by 11.7 per cent, the data showed. Investments from Switzerland, the United Kingdom, Japan, and the Republic of Korea grew by 76.8 per cent, 60.5 per cent, 29.1 per cent, and 12.9 per cent, respectively.
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