China’s FDI November 2023
According to the latest data released on December 21, 2023, by the Ministry of Commerce, actual Foreign Direct Investment (FDI) into the Chinese mainland reached USD 146 billion during the first 11 months of 2023, down 10 per cent year-on-year, after declining 9.4 per cent a month ago.
The FDI in the high-tech manufacturing sector rose 1.8 per cent year-on-year in the January-November period, while that in the medical equipment and communication equipment manufacturing sectors grew 27.6 per cent and 5.5 per cent, respectively.
Since the beginning of 2023, China saw its newly established foreign-invested enterprises reaching 48,078 an increase of 36.2 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.