China has seen a surge in foreign investment in the first quarter of 2021 compared to the same period in 2020, with the COVID-19 pandemic creating an abnormally low baseline for last year.
The first quarter saw the establishment of 10,263 foreign-invested enterprises in China, for a YoY rise of 47.8%, and a rise of 6.7% compared to the same period in 2019, according to figures from the Ministry of Commerce.
The actually used foreign investment amount was 302.47 billion yuan, for a YoY rise of 39.9%, and an increase of 24.8% compared to the same period in 2019.
Actually used foreign investment in the services sector was 237.79 billion yuan, for a YoY rise of 51.5%, while for the hi-tech sector it increased by 32.1%, as well as by 43.9% for the hi-tech services sector and 2.5% for the hi-tech manufacturing sector.
Actually used foreign investment from Belt and Road countries saw a 58.2% rise in the first quarter, while for ASEAN the increase was 60%, and the EU it was 7.5%.
Eastern China saw a 38.2% rise in actually used foreign investment, central China a 36.8% increase and western China a 91% surge.