China’s ‘foreign direct investment’ approaches 900 billion yuan in the first eight months

BEIJING, Sept. 19 (Xinhua) — China’s Ministry of Commerce on Monday revealed the amount of foreign direct investment (FDI) actually used on the Chinese mainland. It grew 16.4 percent year-on-year to 892 billion yuan (about 4.65 trillion baht) in the first eight months of 2022.

According to the ministry, the value of foreign direct investment in US dollars. The amount of foreign direct investment in the service industry rose 8.7 percent year-on-year to 66.2 billion yuan. (approximately 3.45 trillion baht) while investing in advanced technology industries Up 33.6 percent from a year earlier, the report said, investment in the high-tech manufacturing sector rose 43.1 percent from the same period last year. Investments in the high-tech services sector jumped 31 percent year-on-year during the period. Investments from the Republic of Korea, Germany, Japan and the United Kingdom. Foreign direct investment in western China grew 43 percent year-on-year. This was followed by the central region at 27.6 percent and the eastern region at 14.3 percent.