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China increases 5.2% attracting foreign capital

From January to September 2020, China’s actual use of foreign capital was 718.81 billion yuan, a year-on-year increase of 5.2% (equivalent to $ 103.26 billion, a year-on-year increase of 2.5%, the Chinese Ministry of Commerce reported.

Amounts exclude banking, securities, and insurance.

In terms of a single month, this indicator in September was 99.03 billion yuan, an increase of 25.1% at the annual rate (14.250 million dollars, an advance of 23.7%), achieving year-on-year growth during six consecutive months.

From a quarterly perspective, the real use of foreign capital in the third quarter increased 20.4% year-on-year, and the growth rate was significantly higher than the -10.8% in the first quarter and 8.4% in the second quarter.

Foreign capital

In terms of industries, from January to September, the actual use of foreign capital in the service industry was 559.68 billion yuan, an increase of 15% year-on-year.

The high-tech services industry increased 26.4% year-on-year, including e-commerce services, professional technical services, R&D and design services, and technological achievements transformation. Services increased 18.5%, 92.5%, 72.8% and 31.2%, respectively, at the interannual rate.

Among the main sources of investment, from January to September, the actual amount of foreign investment in Hong Kong, Singapore, the United Kingdom and the Netherlands increased 11%, 8.6%, 32.8% and 150%, respectively, year-over-year (including investment data via Freeport).

 

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