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China's FDI inflow up 9.9% in Jan-Nov period
Updated: Dec 23, 2022
By Zhong Nan
chinadaily.com.cn
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The actual use of foreign direct investment into Chinese mainland expanded 9.9 percent on a yearly basis to 1.16 trillion yuan during January-November period of this year, said the Ministry of Commerce on Friday.
In US dollar terms, the inflow grew 12.2 percent from the same period of last year to $178.08 billion, according to the ministry.
The service sector received 842.61 billion yuan of foreign investment between January and November, up 0.9 percent year-on-year.
High-tech industries saw a rapid FDI increase of 31.1 percent during this period. Specifically, foreign investment in high-tech manufacturing soared 58.8 percent, while in the high-tech service sector it jumped 23.5 percent.
In the meantime, investment from the Republic of Korea, Germany and the United Kingdom, climbed by 122.1 percent, 52.6 percent and 33.1 percent, year-on-year, respectively.
