China's FDI inflow up 2.2% in Jan-April |
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China's FDI inflow up 2.2% in Jan-April

By Zhong Nan Updated: 2023-05-18
A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily]

China's actual utilization of foreign direct investment reached 499.46 billion yuan ($71.36 billion) in the first four months of 2023, growing 2.2 percent on a yearly basis, data from the Ministry of Commerce showed.

The manufacturing sector attracted 130.05 billion yuan of global capital between January and April, up 4.1 percent year-on-year, the ministry said in an online statement.

Specifically, foreign investment in high-end manufacturing surged 37.1 percent year-on-year during the four-month period, while investment in high-end technology services rose 6 percent on a yearly basis.

Among the major sources of FDI, influxes from France, the United Kingdom, Japan and South Korea recorded remarkable growth, with 567.3 percent, 323.7 percent, 68.1 percent and 30.7 percent year-on-year, respectively.