FDI Continued to See Strong Growth in China
Foreign direct investment (FDI) surged 28.7% yoy to RMB 607.8 billion (USD 91 billion) in H1, underscoring the importance of the China market to MNCs.
Industrial production of enterprises funded by foreign investors (including Hong Kong, Macao and Taiwan) grew 17% yoy in H1 2021, faster than the overall growth (15.9%).
By sector, the share of the service sector in FDI is rising, accounting for 79.4% of total FDI in H1. Thanks to supportive policies, the high-tech sector increased by 39.4% in H1.
The figure was further boosted in July. Data from the Ministry of Commerce show that from January to July, China's actual use of foreign investment was 672.19 billion yuan, up 25.5% year-on-year (equivalent to $100.74 billion, up 30.9% year-on-year). Among them, the actual use of foreign investment in the service sector was 535.57 billion yuan, up 29.2% year-on-year, accounting for 79.7% of China's actual use of foreign investment.
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