China’s FDI 2023
According to the latest data released on January 19, 2024, by the Ministry of Commerce, actual Foreign Direct Investment (FDI) into the Chinese mainland reached USD 160 billion during 2023, down 8 per cent year-on-year, after declining 10 per cent a month ago.
FDI into China's manufacturing industry declined by 1.8 per cent year-on-year in 2023, while that of high-tech manufacturing grew by 6.5 per cent on a yearly basis.
Since the beginning of 2023, China saw its newly established foreign-invested enterprises reaching 53,766 an increase of 39.7 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.