FDI into Chinese mainland continues to increase

A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily]

Foreign direct investment into the Chinese mainland, in terms of actual use, rose 4.9 percent year-on-year to 408.45 billion yuan ($59.31 billion) in the first quarter of 2023, the Ministry of Commerce said on Thursday.

At the same time, high-tech industries saw a notable FDI increase of 18 percent from the same period last year. Specifically, foreign investment in electronics and communications equipment manufacturing soared 55.7 percent year-on-year, while investment in the science and technology conversion services surged 50.3 percent on a yearly basis.

Investment from France, Germany and the United Kingdom jumped 635.5 percent, 60.8 percent and 680.3 percent year-on-year, respectively, between January and March of this year.