FDI into mainland falls 1.1% to US$9.3b in April
FOREIGN direct investment into China’s mainland fell in April but the FDI inflow edged up in January to April, with capital going into high technology industries growing rapidly.
FDI declined 1.1 percent year on year to 59.24 billion yuan (US$9.3 billion) last month, and the number of newly-set up foreign companies in the mainland rose 39.5 percent year on year to 4,662, data from the Ministry of Commerce showed yesterday.
In the first four months of this year, the total number of newly-formed enterprises funded by foreign investors jumped by 95.4 percent to 19,002, while foreign funds that were actually used added 0.2 percent from a year ago to 286.78 billion yuan.
Gao Feng, a ministry spokesman, highlighted the rapid growth capital invested in high-tech manufacturing.
“The high technology industries posted a 20.2 percent year-on-year rise in actual use of foreign investment in January to April, accounting for 20.8 percent of the total FDI amount,” Gao said.
“FDI in the high-tech manufacturing sector increased heftily by 79.5 percent from the same period a year ago to 29.6 billion yuan.”
Pharmaceutical manufacturing, electronic and telecommunication equipment manufacturing, and the medical instrument making industry posted year-on-year FDI growth of 31.1 percent, 70.7 percent and 513.6 percent respectively, the data showed.
Around 30.11 billion yuan were actually invested in high-tech services during the four months, with research and development and designing services growing 14.3 percent from the same period last year.
Investments from Singapore, South Korea, Japan, the UK and Macau grew 53.6 percent, 57.2 percent, 7.6 percent, 63.2 percent and 77.3 percent respectively from a year ago, Gao pointed out.
“FDI from the Association of Southeast Asian Nations rose 57.7 percent, and investment from countries along the Belt and Road was up 57.2 percent in the first four months from the same period of last year,” Gao added.
FDI in China’s central regions surged 47.2 percent from a year earlier to 21.12 billion yuan and the western regions lured 19.31 billion yuan, up 20.6 percent, according to the ministry.
China’s outbound direct investment in the four-month period grew steadily, up a robust 34.9 percent to US$35.58 billion, according to the ministry.
Chinese enterprises have invested US$4.67 billion in countries along the Belt and Road from January to April, an increase of 17.3 percent from the same period last year, the ministry said.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.