FDI numbers released for H1 2023

Foreign direct investment into the Chinese mainland in terms of actual use dropped 2.7 percent year-on-year to 703.65 billion yuan ($97.55 billion) in the first half of 2023, according to data from the Ministry of Commerce published on Wednesday.

FDI in the country's high-tech industry grew 7.9 percent year-on-year during the six-month period, while that of high-tech manufacturing soared 28.8 percent on a yearly basis in the same period.

Developed countries' investment in China continued to grow between January and June. FDI from France, the United Kingdom, Japan and Germany jumped by 173.3, 135.3, 53 and 14.2 percent year-on-year, respectively.

In the meantime, China saw its newly established foreign-invested enterprises reach 24,000, a year-on-year increase of 35.7 percent.