Official data from the Chinese government points to a robust rise in actually used foreign capital for the first three months of the year.
Figures from the Ministry of Commerce indicate that a total of 9616 new foreign invested enterprises were established throughout China in the first quarter of 2019.
Actually used foreign capital in the first quarter was 242.28 billion yuan, for a YoY rise of 6.5%, including 95.17 billion yuan in the third quarter, for a rise of 8% compared to the same period last year.
Ministry of Commerce spokesperson Gao Feng said that China is continuing to maintain steady growth in foreign capital alongside structural optimisation.
Key investor nations are maintaining high-growth in Chinese foreign investment, with South Korea, Japan, the US, Germany, the UK and the Netherlands seeing gains of 79.6%, 6.4%, 71.3%, 86.1%, 12.4% and 74.2% respectively, while the actually invested foreign capital of the EU saw a YoY rise of 34.6%.
The hi-tech sector saw a 50.6% YoY rise in actually used foreign capital, accounting for a 27.5% share of the total, while hi-tech manufacturing saw a 14.8% lift in actually used foreign capital to reach 25.97 billion yuan.
The actually used foreign capital of the hi-tech services sector was 40.67 billion yuan, for a YoY rise of 88%.