China has seen steady growth in foreign capital actually used in the first months of 2019.
Figures from the Ministry of Commerce indicate that the period from January to April saw the establishment of 13,039 new foreign invested enterprises in China.
Actually used foreign capital totalled 305.24 billion yuan (not including the banking, securities and insurance sectors), for a YoY rise of 6.4%.
In April actually used foreign capital was 62.95 billion yuan, for a YoY rise of 6.3%.
Ministry of Commerce spokesperson Gao Feng said that growth in inbound foreign investment from main sources saw undiminished growth during the first four months of the year.
Foreign investment from South Korea saw YoY growth of 114.1% during the period, while for Germany the growth rate was 101.1%. Foreign investment from Japan and the US saw YoY gains of 3% and 24.3% respectively.
Actually used foreign capital from the European Union saw YoY growth of 17.7% for the January – April period.
Actually used foreign capital for the Chinese manufacturing sector was 94.38 billion yuan, for YoY growth of 11.4%, while for the services sector the figure was 205.1 billion yuan, for YoY growth of 4.1%.
For the hi-tech manufacturing sector actually used foreign capital was 33.41 billion yuan, for YoY growth of 12.3%, with electronics and communication devices seeing YoY growth of 38.7%, and computer and office equipment seeing YoY growth of 45.8%.
Actually used foreign capital for the hi-tech services sector was 52.48 billion yuan, for YoY growth of 73.4%.
Information services saw YoY growth of 57.4% in actually used foreign capital, while R&D and design services saw growth of 49.1% and tech conversion services saw growth of 96.3%.