CHINA MOC:China's FDI inflow up 6 pct in January-November this year

CHINA

MOC:China's FDI inflow up 6 pct in January-November this year

People's Daily app

19:26, December 13, 2019

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BEIJING, Dec. 13 -- Foreign direct investment (FDI) into the Chinese mainland inflow up to 6% year on year and reached 845.9 billion yuan in the period of January to November (equivalent to US$124.39 billion, up 2.6% year on year, and the data of bank, security and insurance sectors were not included, the same below), figures from the Ministry of Commerce (MOC) released on Friday.

In November of this year, the FDI inflow stood at 93.53 billion yuan, increasing by 1.5% year on year. In U.S. dollar terms, FDI inflows came in at 13.62 billion dollars, up 0.1% year on year.

In the first 11 months of this year, 36,747 foreign-funded enterprises were newly established, MOC data showed.

Foreign investment in high-tech industries reached 240.7 billion yuan, up by 27.6% year on year, taking up 28.5% of the total amount. The FDI inflow in manufacturing industry at 83.43 billion yuan, up by 5.7% year on year. Among these, Foreign investment in chemical manufacturing and electronic and communication device manufacturing increased by 43.9% and 10.6% respectively year on year.

The FDI in high-tech service sector reached 157.27 billion yuan, up 43.4% year on year. Among these, that in information service, R&D and design, and the transformation of scientific and technological achievement increased by 28.3%, 60.7% and 67.8% respectively year on year.

In the eastern region,central region and western region, the FDI increased by 6.0%, 5.6% and 7.3% respectively year on year; and that in the pilot free trade zones was 121.26 billion yuan, taking up 14.3%.

(Compiled by Zhang Bingyu)

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