BEIJING (XINHUA) – Foreign direct investment (FDI) in the Chinese mainland in actual use climbed six per cent in November from the same period last year, the Ministry of Commerce said yesterday.
From January to November, the actual use of FDI stood at CNY749.7 billion (about USD104 billion), down 27.9 per cent year on year. This decline narrowed by 1.9 percentage points compared to January to October, marking the third consecutive month of narrowing decline.
In the first 11 months, 52,379 new foreign-invested enterprises were established nationwide, representing a year-on-year growth of 8.9 per cent. This marks the highest level in history for the same period.
The proportion of actual use of FDI in high-tech manufacturing rose 0.3 percentage points compared to the same period last year.
Investment from some developed economies has continued to grow, with actual investment from Germany up 10.9 per cent year on year, from Singapore up 4.8 per cent, and from Switzerland up four per cent. Investment from ASEAN countries climbed 6.4 per cent year on year.
