China's FDI shows increase in 2022 |
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China's FDI shows increase in 2022

By Liu Zhihua Updated: 2023-01-18
The BASF site under construction in Zhanjiang, Guangdong province, involves investment of $10 billion from the German chemical giant. [Photo/Xinhua]

China's foreign direct investment from major countries generally showed significant increase in 2022, data from the Ministry of Commerce showed on Wednesday.

Last year, the country's actual use of foreign capital from South Korea, Germany and the United Kingdom increased 64.2 percent, 52.9 percent and 40.7 percent respectively on a yearly basis.

The investment from the European Union surged 92.2 percent from a year ago. Investment from the countries involved in the Belt and Road Initiative and the Association of Southeast Asian Nations also increased 17.2 percent and 8.2 percent year-on-year respectively.

The foreign investment into the central and western regions also showed steady increase in 2022, according to the ministry.

The actual use of foreign capital in the central and western regions increased 21.9 percent and 14.1 percent year-on-year respectively, which were 15.6 and 7.8 percentage points higher than the national growth pace.

The provincial-level regions of Shanxi, Henan, Guangxi, and Shaanxi reported 229.6 percent, 119.8 percent, 49.1 percent and 33.6 percent of annual growth respectively in attracting foreign direct investment in 2022.

Large projects, or those with contractual foreign investment of more than $100 million each, received a combined foreign investment of 653.47 billion yuan ($96.38 billion) in 2022, an increase of 15.3 percent year-on-year.

The amount accounted for 53 percent of the country's actual use of foreign capital last year, the ministry said.