China’s FDI February 2024

According to the latest data released on March 22, 2024, by the Ministry of Commerce, foreign direct investment (FDI) into China's high-tech manufacturing industry grew by 10.1 per cent in February 2024, while FDI into the Chinese mainland in actual use reached USD 30.3 billion during the period, down 19.9 per cent year-on-year.

Since the beginning of 2024, China saw its newly established foreign-invested enterprises reaching 7,160 an increase of 34.9 per cent on annual basis.

Foreign companies make up less than 3 per cent of the total number of companies in China, but contribute to 40 per cent of its trade, more than 16 per cent of tax revenue and almost 10 per cent of urban employment.

FDI data follows the negative trend of other key economic indicators that are showing the country's current challenging economic situation.