China has seen a surge in actually used foreign investment since the start of 2021, as the economy continues to recover from the impacts of the COVID-19 pandemic.
China’s actually used foreign investment during the period from January to February was 176.76 billion yuan (USD$27.16 billion), for a YoY rise of 31.5%.
Actually used foreign investment in the services sector totalled 141.74 billion yuan, for a YoY rise of 48.7%, accounting for 80.2% of all actually used foreign investment.
The wholesale and retail sector saw a rise of 54.1% in actually used foreign investment, the accommodation and F&B sector a leap of 45.6%, and the leasing and commercial services a surge of 70.3%.
Actually used foreign investment sourced from Belt and Road countries rose by 26.2%, while for ASEAN and the EU the increases were 28.1% and 31.5% respectively.
Eastern China saw a 32.3% rise in actually used foreign investment during the January-February period, while central China saw an increase of 11.1%, and western China a surge of 50.9%.