Despite overall FDI fall in Jan-July, high-tech sees 4% rise; developed countries swear by China

Foreign direct investment or FDI in the Chinese mainland in terms of actual use fell 4 percent year-on-year to 766.71 billion yuan ($105.12 billion) in the first seven months of this year, the Ministry of Commerce said on Friday.

But, FDI in the high-tech industry grew by 3.8 percent year-on-year, while that of high-tech manufacturing soared 25.3 percent.

From an industry perspective, 196.85 billion yuan of foreign investment in the manufacturing sector was actually utilized during the January-July period, up marginally year-on-year.

Developed countries' investment in China continued to grow. FDI from France, the United Kingdom, Canada and Switzerland jumped by 213.7 percent, 159.9 percent, 113.3 percent and 61.2 percent year-on-year, respectively.

The number of newly established foreign-invested enterprises in China reached 28,406, up 34 percent year-on-year.