• InduQin

China's FDI inflow up 25.6% in Q1, says commerce ministry


Foreign direct investment (FDI) flowing into the Chinese mainland, in actual use, jumped 25.6 percent year on year to 379.87 billion yuan (about $59.60 billion) in the first quarter (Q1) of the year, the Ministry of Commerce said Thursday.


In U.S. dollar terms, FDI went up 31.7 percent year on year to $59.09 billion, a ministry spokesperson, Shu Jueting, told media at a news conference.


Foreign investment in the high-tech industry amounted to 132.83 billion yuan in Q1, up 52.9 percent year on year, data showed. High-tech manufacturing and high-tech service industries stood out with a growth rate of 35.7 percent and 57.8 percent, respectively.


During the period, FDI in the eastern, central and western parts of the country rose 23.4 percent, 60.7 percent and 21.9 percent, respectively, and 21 provinces, regions and municipalities witnessed double-digit growth in FDI, Shu said.


In 2021, China's actual use of FDI hit a record high of 1.15 trillion yuan, representing a 14.9-percent surge from the previous year.


Read More at https://news.cgtn.com/news/2022-04-14/China-s-FDI-inflow-up-25-6-in-Q1-says-commerce-ministry-19e4Hx0YCM8/index.html


0 views0 comments