According to the Ministry of Commerce, there has been a notable growth in foreign direct investment (FDI) in the Chinese mainland’s high-tech manufacturing sector. Specifically, FDI in this sector expanded by 25.3 percent year on year during the initial seven months of the year. High-tech industries as a whole experienced a 3.8 percent increase in FDI during this period.
The actual utilisation of FDI amounted to 766.71 billion yuan (equivalent to around 106.48 billion U.S. dollars) for the January-July timeframe, indicating a 4 percent decrease compared to the previous year.
Throughout these seven months, investments from several countries exhibited remarkable growth rates. France, the United Kingdom, Canada, and Switzerland saw their investments surge by 213.7 percent, 159.9 percent, 113.3 percent, and 61.2 percent year on year, respectively.
The establishment of new foreign-invested enterprises also made strides during this period, with a total of 28,406 such companies being set up. This marks a substantial 34-percent increase in comparison to the previous year.