Foreign investment in China surges in Jan-Feb

Recent data from the Ministry of Commerce reveals a significant uptick in foreign investment in China.

In the first two months of this year, there were 7,160 newly established foreign-invested enterprises in China, a year-on-year increase of 34.9 percent.

From a structural perspective, China's high-tech industry saw the establishment of 1,865 new foreign-invested companies in the first two months, up 32.2 percent year-on-year. The actual use of foreign investment in the high-tech sector was 71.44 billion yuan ($9.87 billion), accounting for 33.2 percent of the country's total, up 1.2 percentage points compared to the same period in 2023.

The actual use of foreign investment in high-tech manufacturing reached 28.27 billion yuan, a year-on-year increase of 10.1 percent.

Moreover, investments from developed economies such as France, Spain, and Australia surged by 585.8 percent, 399.3 percent, and 144.5 percent respectively during this period.

This data underscores the growing confidence of multinational companies in China's market and signals continued robust investment in the country.