This undated file photo shows a rendering of the area of Qianhai economic zone in Shenzhen. (PHOTO PROVIDED TO CHINA DAILY)
BEIJING – Foreign direct investment (FDI) in the Chinese mainland, in actual use, expanded 14.4 percent year-on- year to nearly 1.09 trillion yuan in the first 10 months of 2022, the Ministry of Commerce said Thursday.
In US dollar terms, the inflow went up 17.4 percent year on year to $168.34 billion.
In US dollar terms, the inflow went up 17.4 percent year on year to $168.34 billion
The service industry saw FDI inflow jump by 4.8 percent year-on-year to 798.84 billion yuan, while that of high-tech industries surged by 31.7 percent from a year earlier, data from the ministry showed.
Specifically, FDI in high-tech manufacturing rose 57.2 percent from the same period a year ago, while that in the high-tech service sector surged 25 percent year-on-year.
ALSO READ: Shenzhen's R&D spending see growth for 7 consecutive years
During this period, investment from the Republic of Korea, Germany, Britain and Japan climbed by 106.2 percent, 95.8 percent, 40.1 percent, and 36.8 percent, respectively.
FDI flowing into the country's central region reported a year-on-year increase of 33.6 percent, followed by 26.9 percent in the western region and 12.4 percent in the eastern region.
Official data also showed that China's non-financial outbound direct investment (ODI) reached 627.4 billion yuan in the first 10 months of 2022, up 10.3 percent year-on-year.
In US dollar terms, the ODI rose 7.3 percent from last year to $94.36 billion, according to the ministry.
READ MORE: China's ODI surges, flow scale ranks third in the world
Outbound leasing and business services investment rose 22.2 percent compared with the same period of last year to reach $32.08 billion this year.
Investment in multiple fields, including manufacturing, wholesale and retail, and construction, registered growth.
In the first 10 months, non-financial direct investment in countries along the Belt and Road increased 6.7 percent year-on-year to $17.25 billion, accounting for 18.3 percent of the total ODI during the period.