17.02.2020, 08:38
Foreign Investment in China's Economy in January Rose to $ 12.68 Billion
Source: OREANDA-NEWS
OREANDA-NEWS. China in January of this year attracted foreign investment in the amount of $ 12.68 billion, which is 2.2% more than the same month last year. This was announced on Monday by the Ministry of Commerce of China. According to the report published on the agency’s website, the dynamics as a whole retained the trend of the last months of 2019. The document states that the indicators do not take into account the movement of funds in the banking sector, in the securities market and in the field of insurance.
The volume of foreign capital inflows into the high-tech sectors of Chinese industry over the past month increased by 27.9%, to 31.35 billion yuan (about $ 4.49 billion at the current exchange rate). Investments in advanced high-tech production totaled 8.4 billion yuan (approximately $ 1.2 billion). Foreign investment in China's latest technology services increased by 45.5% to 22.95 billion yuan (about $ 3.28 billion).
Investments in pharmaceuticals increased by 10.5%, in medical equipment - by 118.9%, in telecommunications services - by 56.6%, in scientific research and latest developments - by 39.2%.
According to the report, the bulk of investment in mainland China's economy in January came from Singapore (an increase of 40.6%), the Republic of Korea (157.1%) and Japan (50.2%). The inflow of capital from the member states of the “One Belt - One Way” initiative, as well as participants in the Association of Southeast Asian Nations increased by 31.3% and 44.8%, respectively.
The volume of foreign capital inflows into the high-tech sectors of Chinese industry over the past month increased by 27.9%, to 31.35 billion yuan (about $ 4.49 billion at the current exchange rate). Investments in advanced high-tech production totaled 8.4 billion yuan (approximately $ 1.2 billion). Foreign investment in China's latest technology services increased by 45.5% to 22.95 billion yuan (about $ 3.28 billion).
Investments in pharmaceuticals increased by 10.5%, in medical equipment - by 118.9%, in telecommunications services - by 56.6%, in scientific research and latest developments - by 39.2%.
According to the report, the bulk of investment in mainland China's economy in January came from Singapore (an increase of 40.6%), the Republic of Korea (157.1%) and Japan (50.2%). The inflow of capital from the member states of the “One Belt - One Way” initiative, as well as participants in the Association of Southeast Asian Nations increased by 31.3% and 44.8%, respectively.
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