Foreign direct investment (FDI) into the China posted steady growth in 2017, through further opening up and improved structure of foreign investment. It is reported by the officer from the Ministry of Commerce that FDI rose 7.9 percent year-on-year to reach 877.56 billion yuan (US$136.33 billion). 35,652 foreign companies were newly established in 2017, up 27.8 percent from a year earlier.
In Year 2017, China government absorbing foreign investment shows the following features:
- The environment of foreign investment continued to improve. In 2017, the government made great efforts in easing restrictions and simplifying procedures for the entry of foreign investment.
- The structure of foreign investment continued to improve. High-tech industry has the strong performance of FDI in the sector. High-tech industry rose 9.5% year-on-year, high-tech manufacturing industry rose 11.3% to reach 66.59 billion yuan and high-tech services, which rose 93.2 percent year-on-year to reach 184.65 billion yuan
- The distribution of foreign investment continued to improve. Middle area rose 22.5% year on year and reach 56.13 billion yuan. The newly-established wholly owned foreign enterprises saw a year-on-year growth of 43.2%. 6841 foreign companies were newly established in the free trade pilot zone, which rose 18.1% year-on-year and reach 103.9 billion yuan.
For the outbound investment, in Year 2017, the non-financial outbound investment had decreased 29.4% year-on-year and reach 120.08 billion USD. It seems the irrational outbound investment has kept down effectively.
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Mr. Mike Chang
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