The number of new foreign invested enterprises established in China in the first five months of 2021 saw a surge of almost one half compared to the same period in 2020.
18,497 foreign invested enterprises were established in China during the period from January to May, for a YoY rise of 48.6%, according to data released by the Minister of Commerce (MOFCOM). The figure also marked an increase of 12.4% compared to the same period in 2019.
Actually used foreign capital was 481 billion yuan for the period from January to May, for a YoY rise of 35.4%, and an increase of 30.3% compared to the same period of 2019.
Actually used foreign capital in China’s service sector was 381.9 billion yuan, for a YoY rise of 41.6%. The hi-tech sector saw a 34.6% YoY rise in actually used foreign capital, including a 37.6% rise for the hi-tech services sector and a 25% increase for the hi-tech manufacturing sector.
Actually used foreign capital from Belt and Road nations saw a YoY increase of 54.1%, while ASEAN countries saw a 56% rise, and the EU a 16.8% expansion.