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China Sees Surge in Foreign Investment, High-Tech Manufacturing Up 40% in January

Original title: my country absorbed more than 111 billion yuan in foreign investment in January (topic)

Investment in high-tech manufacturing increased by approximately 40% (subtitle)

Economic Daily News, Beijing, February 24 (Reporter Feng Qiyu) The latest data released by the Ministry of Commerce showed that in January, 4,588 new foreign-invested enterprises were established across the country, a year-on-year increase of 74.4%; the actual amount of foreign capital used was 112.71 billion yuan, a year-on-year decrease of 11.7% , a month-on-month increase of 20.4%.

The person in charge of the Foreign Investment Department of the Ministry of Commerce said that in January 2023, my country absorbed 127.69 billion yuan of foreign investment. Affected by factors such as a high base, the year-on-year data this year declined, but it increased month-on-month. Generally speaking, the investment situation in January this year continued last year’s characteristics of fluctuating scale and structural optimization.

From the perspective of enterprises, the number of newly established foreign-invested enterprises has increased significantly. In January, foreign investors invested in 4,588 new foreign-funded enterprises in China. Against the background of continuous growth last year, the year-on-year increase was as high as 74.4%, showing the enthusiasm of foreign investment in China. Multinational companies are still optimistic about the development opportunities of the Chinese market and continue to increase investment. Invest in China”.

From an industry perspective, the structure of foreign investment in China continues to be optimized. In January, investment in high-tech manufacturing increased by 40.6%, of which the medical equipment and instrumentation manufacturing industry increased by 558.8%, continuing the trend of industrial structure optimization and manufacturing recovery growth since last year. This fully shows that as my country continues to promote high-quality economic development, foreign investment in China is also constantly transforming and upgrading.

From a country perspective, investment in China from some developed economies has grown rapidly, and foreign investors continue to actively invest in China. Driven by factors such as large projects and the base number in the same period, France and Sweden grew by 25 times and 11 times respectively. The actual investment in China from Germany, Australia and Singapore increased by 211.8%, 186.1% and 77.1% respectively.

It is understood that since July last year, the Ministry of Commerce has established a roundtable system for foreign-invested enterprises, holding regular meetings to listen to the difficult problems, opinions and suggestions reported by foreign-invested enterprises, and working with relevant departments and localities to promote solutions. As of the end of January this year, the Ministry of Commerce had held 16 roundtable meetings for foreign-invested enterprises and had resolved more than 300 issues and complaints reported at the meetings. At the same time, each province has also established a roundtable meeting system, held more than 140 roundtable meetings, and solved more than 900 problems and appeals.

The person in charge of the Foreign Investment Department of the Ministry of Commerce said that this year the Ministry of Commerce will continue to build the “Invest in China” brand and increase the promotion of foreign investment; make good use of the foreign-invested enterprise roundtable and the foreign-invested enterprise complaint collection and processing system to further deepen communication with foreign-invested enterprises. Help solve difficult problems.

2024-02-25 00:07:00
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