China continues to maintain rapid growth in attracting foreign investment. According to the latest data released by the Ministry of Commerce on the 12th, China’s actual use of foreign capital in the first five months of this year was 481 billion yuan, a year-on-year increase of 35.4%. The growth rate was 3.2 percentage points lower than that from January to April but still at a high level. An increase of 30.3% over the same period.
During the same period, 18,497 foreign-invested enterprises were newly established nationwide, an increase of 48.6% year-on-year and an increase of 12.4% year-on-year.
In terms of industries, service industries and high-tech industries are still hotspots favored by foreign investors. According to official data, the actual use of foreign capital in China's service industry in the first five months increased by 41.6% year-on-year. The actual use of foreign capital in high-tech industries increased by 34.6%.
In terms of sources, ASEAN's investment in China has grown rapidly, with a growth rate of as high as 56%; and the countries along the "Belt and Road" have also increased their investment in China by 54.1%. EU investment in China increased by 16.8% year-on-year.
Thanks to the effective prevention and control of the epidemic, the continuous economic recovery, and the continuous expansion of market access, China has become increasingly attractive to global investors and has become a "safe haven" for companies to escape the impact of the epidemic. Last year, China surpassed the United States to become the world's largest foreign capital inflow country for the first time. This year, the high growth momentum of foreign capital absorption has continued.
The European Unio Chamber of Commerce in China recently released a survey showing that nearly 60% of European companies plan to expand their business in China in 2021, up from 51% last year. about half of the respondents said that China's profit margins are higher than the global average, compared with 38% last year. According to the report, “the resilience of the Chinese market provides a much-needed shelter for European companies during the pandemic.” The "White Paper on American Enterprises in China" also shows that about two-thirds of US-funded enterprises regard China as a priority market for development and plan to increase investment in China in 2021.
(Source: China News.com original title: China's actual use of foreign capital in the first 5 months increased by 35.4% year-on-year)
