Foreign direct investment into the Chinese mainland, in actual use, rose 22.3 percent year on year to USD113.78 billion in the first eight months of the year according to its Ministry of Commerce.
Foreign investment in the service industry came in at USD92 billion during the period, up 25.8 percent year on year, with foreign investment in the high-tech services sector rising 35.2 percent.
During the period, investments from the Belt and Road countries expanded 37.6 percent, and investment from the Association of Southeast Asian Nations rose 36.8 percent, respectively.
Meanwhile the foreign investment used by China’s eastern, central, and western regions climbed 23 percent, 30.1 percent, and 1.6 percent.
MOC spokesperson Shu Jueting said that foreign-invested enterprises played a unique and significant role in the country’s new development paradigm. He added, that while investing in China, foreign-invested companies have brought advanced technology, managerial expertise, and a global marketing network.
With a promising economic data, the country is looking to push forward its open-up strategy by continuing to widen market access, push for the early implementation of Regional Comprehensive Economic Partnership, and actively participate in building high-standard international investment rules.
