FDI sees small jump from Jan-May

2023-06-16 Editor : Li Yan ECNS App Download

Foreign direct investment into the Chinese mainland in terms of actual use nudged up 0.1 percent year-on-year to 574.81 billion yuan (about $80.16 billion) during the January-May period, the Ministry of Commerce said on Thursday.

In dollar terms, FDI inflow went down 5.6 percent compared with a year earlier to $73.5 billion.

FDI in the country's manufacturing industry grew by 5.9 percent year-on-year to 147.08 billion yuan during the first five months, while that of high-tech industry climbed 7.5 percent in the same period, data from the ministry showed.

Specifically, foreign investment in the high-tech manufacturing sector increased by 30.8 percent year-on-year, while that in the high-tech service sector rose 1.5 percent.

Investment from France, the United Kingdom, Canada and Japan jumped by 429.7, 179.2, 170.1 and 63.3 percent year-on-year, respectively.

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