AMAC - FDI in China declines by 29% in first 10 months

The Ministry of Commerce of China announced that in the first 10 months of 2024, a total of 46,893 new foreign-invested companies were established across the country, reflecting an 11.8 percent increase compared to the previous year.

According to Amac News: Citing China Central Television, during this period, Nevertheless, foreign direct investment (FDI) in the Chinese mainland reached 693.21 billion yuan (approximately 96.29 billion U.S. dollars), representing a decline of 29.8 percent from the previous year.
The high-tech manufacturing sector attracted 80.18 billion yuan, accounting for 11.6 percent of the total FDI inflow, which is an increase of 0.7 percentage points compared to the same period in 2023.
Notably, FDI inflows into medical equipment and instrument manufacturing surged by 61.7 percent, while inflows into computer and office device manufacturing grew by 48.8 percent during this period.
In terms of source countries, foreign direct investment from Germany and Australia increased by 7.5 percent and 6 percent year-on-year, respectively.