Foreign direct investment (FDI) into China dropped 29.8% year-on-year to CNY 693.21 billion (approximately USD 96.29 billion) during January-October 2024, showing a slightly smaller decline compared to the 30.4% drop in the first nine months of the year, according to data from the Ministry of Commerce.
Foreign investments in China collapse in Jan-Oct
Of the total, about 11.6%, or CNY 80.18 billion, was directed into high-tech manufacturing industries, marking a 0.7 percentage point increase from the previous year. Notably, foreign investment in medical equipment and instrument manufacturing surged by 61.7%, while investment in computer and office equipment manufacturing rose by 48.8%. Foreign capital inflows into the technical services sector also grew by 19.5%.
Germany invests the most
The top sources of FDI were Germany (7.5%), Australia (6%), and Singapore (4.4%). In October alone, FDI amounted to CNY 52.61 billion, down from CNY 60.41 billion in September.
