Official data points to a modest YoY rise in the amount of foreign capital actually used in China last month, in tandem with a sizeable decline in the number of newly established foreign invested enterprises.
Data released by the Ministry of Commerce on 14 February indicates that 84.18 billion yuan in foreign capital was actually used in China in January, for a YoY rise of 4.8%, or 2.8% when calculated in US dollar terms of $12.41 billion.
4646 foreign invested enterprises were established in January, for a YoY decline of 10.6%.
Broken down by industry China’s manufacturing sector was host to 26.73 billion yuan in actually used foreign capital for a YoY rise of 5%, while for the services sector the figure was 56.2 billion yuan for a YoY rise of 5.1%.
Actually used foreign capital for the tech sector saw a YoY leap of 40.9% to account for 29% of the total, while actually used foreign capital for the tech services sector posted a 113.4% YoY increase to hit 15.77 billion yuan.