Foreign direct investment in China fell to a record low in the first half of the year
Kyiv • UNN
FDI in China dropped to 498.91 billion yuan in January-June 2024, a record drop. High-tech industries received 12.8% of investments, with Germany and Singapore being the main investors.
Foreign direct investment (FDI) in China in the first half of this year fell by 29.1% year-on-year to 498.91 billion yuan, a record drop in the first six months of the year, according to Trading Economics, UNN reports.
Details
"Foreign direct investment (FDI) in China fell by 29.1% year-on-year to 498.91 billion yuan between January and June 2024, a record decline in the first six months of the year," Trading Economics said in a report , citing data from the country's Ministry of Commerce.
About 12.8% of the total, or 63.75 billion yuan, was reportedly directed to high-tech manufacturing, up 2.4 percentage points from the same period last year. Meanwhile, foreign investment in the production of medical equipment and instruments, as well as professional technical services, increased by 87.5% and 43.4%, respectively.
The sources of foreign direct investment were Germany (18.1%) and Singapore (10.5%).
In recent years, China has reportedly taken tough measures against several industries to enforce government policies that discourage foreign investment.
