Foreign Direct Investment in Mainland China Sees a Decrease in 2021
BEIJING, Sept. 16 (Xinhua) —
China’s Ministry of Commerce reported on the state of foreign direct investment (FDI) in mainland China. During January-August, the total FDI amounted to 847 billion yuan (about 4.15 trillion baht), reflecting a 5.1 percent decrease compared to the previous year. This decline can be attributed to the global economic recovery slowdown and the high base set in the previous year.
The report highlights the establishment of 33,154 foreign-invested companies across China in the initial eight months, indicating a significant 33 percent increase year-on-year. This surge signifies the confidence foreign enterprises have in China as a favorable long-term investment destination.
One notable trend is the rise in foreign direct investment in manufacturing, with a 6.8 percent increase compared to the previous year. Particularly, investment in high-tech manufacturing witnessed a substantial 19.7 percent growth, showcasing the increasing quality of Chinese industrial clusters in attracting foreign investment.
The Ministry further revealed the remarkable surge in foreign direct investment from the United Kingdom, Canada, and France, recording increases of 132.6 percent, 111.2 percent, and 105.6 percent, respectively, within the first eight months.
In an effort to enhance the foreign investment environment, the Chinese Cabinet issued comprehensive guidelines comprising of 24 special measures. These measures aim to boost efficiency and encourage foreign companies to invest in China. Notable provisions include the expansion of pilot areas for increased service offerings, promotion of major science and technology projects by foreign companies and their research and development centers, facilitation of travel for senior executives and technicians and their families, and improved expertise among personnel managing foreign investment in local administrative offices.
The Ministry of Commerce is set to collaborate with local authorities and relevant agencies to ensure effective implementation of these guidelines, fostering a more conducive environment for foreign investment in China.
BEIJING, Sept. 16 (Xinhua) — China’s Ministry of Commerce on Friday (Sept. 15) reported on active foreign direct investment (FDI) in mainland China. During January-August, the total was 847 billion yuan (about 4.15 trillion baht), a decrease of 5.1 percent from the previous year, which was a result of the slowdown in global economic recovery and the previous year’s high base .
The report said 33,154 foreign-invested companies were established across China in the first eight months, up 33 percent year-on-year. This reflects the confidence of foreign enterprises in long-term investment in China.
Foreign direct investment in manufacturing increased by 6.8 percent year-on-year, with investment in high-tech manufacturing increasing by 19.7 percent, indicating the increasing quality of Chinese industrial clusters in terms of production Attracting foreign investment
The ministry added that foreign direct investment from the UK, Canada and France increased by 132.6 per cent, 111.2 per cent and 105.6 per cent in the first eight months.
The Chinese Cabinet issued guidelines containing 24 special measures to improve the efficiency of the foreign investment environment in China. and the inflow of foreign capital accelerated in August.
Those special measures include expanding the pilot area to open more services. Stimulate foreign companies and their research and development (R&D) centers to carry out major science and technology projects. Facilitating the travel of senior executives, technicians and their families, as well as increasing the expertise of personnel in local administrative offices that manage foreign investment.
The Ministry will work with local authorities and relevant agencies. Further facilitate the implementation of the above guidelines.
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