Inbound foreign investment to China has surged since the start of 2022.
During the period from January to February China’s nationwide actually used foreign capital amount was 243.7 billion yuan, for rise of 37.9% compared to the same period last year, according to figures released by the Ministry of Commerce (MOFCOM) on 22 March.
MOFCOM data further indicates that large-scale foreign invested projects worth over USD$100 million saw an increase in actually allocated capital of 74.3% compared to the same period last of 2021.
The figures released by MOFCOM are not inclusive of foreign investment in the banking, securities and insurance sectors.
MOFCOM spokesperson Gao Feng (高峰) said that the rise in foreign investment marked a new high that built upon the strong baseline figure posted in 2021.
“China will continue to further expand high-level external opening, and welcomes investors from all countries to come to China to invest in emerging sectors,” said Gao.
“The relevant authorities in China will also continue to work hard to provide even better services to investors from all countries, and create a market-based, rule-of-law-based and internationalised commercial environment.”
Gao highlighted in particular efforts to improve China’s commercial environment following the release of the “Foreign Commercial Investment Law” (外商投资法), which simplified the investment process via the scrapping of over 300 regulatory documents.