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China’s absorption of foreign capital in the first half of the year was basically stable and there were 24,000 newly established foreign-invested companies during the period, rising by 35.7% from a year earlier, said China’s Ministry of Commerce at a press briefing on Wednesday.
However, China’s inbound foreign direct investment (FDI), in actual use, declined by 2.7% on year in the first half to 703.65 billion yuan, it said.
Foreign investment coming from developed countries continued to grow, with that from France surging by 173.3%, Britain up 135.3%, Japan up 53% and Germany up 14.2%, it said.
Foreign investment into high-tech industries grew by 7.9%, accounting for 39.4% of the total, rising by 3.9 percentage points, and in particular, foreign investment in to high-tech manufacturing industry grew by 28.8%, it said.