24 June 2022, Friday, 15:58

China's FDI inflow up 17.3% in first five months

Vehicles under production are transferred through the office area at the Tiexi Plant of BMW Brilliance Automotive in northeast China's Liaoning Province. Photo by Xinhua/Yang Qing.

Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 17.3% year on year to ¥564.2 bln in the first five months of the year, the Ministry of Commerce said. This was reported by The Xinhua News Agency.

In U.S. dollar terms, the inflow went up 22.6% year on year to $87.77 bln.

The service industry saw FDI inflows jump by 10.8% year on year to ¥423.3 bln, while that of high-tech industries surged by 42.7% from a year earlier, data from the ministry shows.

Specifically, FDI in high-tech manufacturing rose 32.9% from the same period a year ago, while that in the high-tech service sector surged 45.4% year on year, the data shows.

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During the period, investment from the Republic of Korea, the United States, and Germany climbed by 52.8%, 27.1%, and 21.4%, respectively.

In the January-May period, FDI flowing into the country's central region reported a rapid year-on-year increase of 35.6%, followed by 17.9% in the western region, and 16.1% in the eastern region.