In the first five months, China’s actual use of foreign investment reached RMB343.55 billion, up 3.8％year-on-year, said a director of the Department of Foreign Investment Administration of the Ministry of Commerce on June 12.

 

The data of the Ministry of Commerce shows that from January to May, China has 10,871 newly established foreign-invested enterprises, up 13.5％compared with that in the same period of last year. In May alone, 2,573 foreign funded enterprises were established, up 43.6％ year-on-year, and the amount of actual use of foreign investment reached RMB56.77 billion, down 1％ year-on-year.

 

China’s high-tech service industry and high-tech manufacturing industry have seen increased foreign investment, said the director. From January to May, the actual use of foreign investment of the service industry reached RMB241.8 billion, up 7％ year-on-year, accounting for 70.4％ of China’s total. Of that, the actual use of foreign investment of the high-tech service industry reached RMB40.38 billion, up 94.7％ year-on-year.

 

Source: Translated from Invest Guangzhou, June 13, 2016