| A BMW i3 electric vehicle is seen at the Lydia plant of BMW Brilliance Automotive (BBA), located in Tiexi District, Shenyang, northeast China’s Liaoning Province, June 23, 2022. (Xinhua/Yang Qing) |
Foreign direct investment (FDI) attracted by mainland China, in actual use, reached 919.97 billion yuan (128 billion dollars) in the first nine months of this year, the Ministry of Commerce reported on Friday.
This figure fell 8.4 percent from the previous year. The decline was due to the slow global economic recovery and the high numbers recorded last year, a ministry official said.
During this period, 37,814 new foreign investment companies were established nationwide, an increase of 32.4 percent compared to last year.
FDI in the manufacturing sector increased by 2.4 percent year-on-year, while in the high-tech production sector it increased by 12.8 percent.
Between January and September, FDI from France, the UK and Canada grew by 121.7, 116.9 and 109.2 percent respectively, according to data released by the ministry.
FDI in China remains on a positive long-term trend, the official said.
The State Council, China’s cabinet, has issued a series of guidelines to optimize the environment for foreign investment in the country and strengthen its influx.
In the next steps, the ministry will shorten the negative list of such investments, advance reform and opening of pilot zones and free trade ports, as well as investigate comprehensive trials aimed at greater opening of the services sector, the official added.
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