Foreign investment in China is seeing a robust recovery from the initial economic impacts of the COVID-19 pandemic.
Figures released by the Ministry of Commerce (MOFCOM) on 16 November indicate that during the period from January to October China’s actually used foreign capital totalled 800.68 billion yuan (USD$121.58 billion), for a YoY rise of 6.4%, and an acceleration of 1.2 percentage points compared to the period from January to September.
In the month of October actually used foreign capital in China totalled 81.87 billion yuan, for a YoY rise of 18.3%, and the seventh consecutive month of increase.
Actually used foreign capital for the Chinese services sector totalled 625.79 billion yuan for the period from January to October, for a YoY increase of 16.2%, accounting for 78.2% of all actually used foreign capital.
The figure for the hi-tech services sector rose by 27.8% YoY, including a 44.3% rise for e-commerce services, a 77.9% rise for professional technical services, a 82.1% rise for R&D and design services and 43.6% for tech commercialisation services.