Defence

China’s FDI actually used up more than 17% in first half of 2022

In China, the level of foreign investment actually used increased by more than 17% in the first half of 2022, despite the uncertainty caused by the resumption of Covid restrictions and increased geopolitical tensions.

Foreign investment actually used in the first half of 2022 was 723.31 billion yuan, up 17.4% year-on-year, according to official data released by the Ministry of Commerce (MOFCOM) on July 29.

Foreign investment actually used in the manufacturing sector increased by 54.8%, and in the high-tech sector by 33.6%.

“In terms of market opportunities, China is the world’s second largest consumer market with a population of over 1.4 billion,” said Chen Chunjiang (陈春江), head of MOFCOM’s foreign investment department. “The middle-income population is more than 400 million, and its market growth potential is constantly being hyped.

“In terms of opening up opportunities, China is opening its doors wider and wider, the foreign investment negative list is getting shorter and shorter, and the entry restrictions are getting smaller and smaller… the investment opportunities for multinational companies are even bigger.

“We will make full use of China’s vast advantages in attracting capital and attract even more multinational companies to invest in China.”

https://www.chinabankingnews.com/2022/08/01/chinas-actually-used-foreign-investment-rises-over-17-in-first-half-of-2022/ China’s FDI actually used up more than 17% in first half of 2022

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