China’s FDI January 2024

According to the latest data released on February 23, 2024, by the Ministry of Commerce, actual Foreign Direct Investment (FDI) into the Chinese mainland reached USD 15.8 billion in January 2024, down 11.7 per cent year-on-year.

FDI into China's manufacturing industry soared by 20.5 per cent year-on-year in January, while that in the high-tech manufacturing grew by 40.6 per cent on a yearly basis.

Since the beginning of 2024, China saw its newly established foreign-invested enterprises reaching 4,588 an increase of 74.4 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.