China's FDI inflow rises during Jan-Feb period

Foreign direct investment into the Chinese mainland, in terms of actual use, rose 6.1 percent year-on-year to 268.44 billion yuan in the first two months of 2023, the Ministry of Commerce said on Friday.

In US dollar terms, the country's actual use of foreign capital grew 1 percent on a yearly basis to $39.71 billion.

At the same time, high-tech industries saw a notable FDI increase of 32 percent from same period last year. Specifically, foreign investment in high-tech manufacturing soared 68.9 percent year-on-year, while that in the high-tech service sector surged 23.3 percent on a yearly basis.

Investment from economies participating in the Belt and Road Initiative and the Association of Southeast Asian Nations rose 11 percent and 11.8 percent year-on-year, respectively, during the January-February period.