China is witnessing strong growth in foreign investment during the first two months of 2024
BEIJING, 7 APRIL / WAM / Data issued by the Chinese Ministry of Commerce revealed strong growth in foreign investment in China during the first two months of this year, as 7,160 new companies with foreign investment were established, an increase of 34.9% on an annual basis, to record the highest level during the year. The past five years.
Quoting the People’s Daily newspaper, the figures indicated that this growth reflects the optimism of multinational companies about the growth prospects of the Chinese market and their continued confidence in investing in the country.
The newspaper explained that high-tech industries witnessed a remarkable growth in foreign investment, as 1,865 new companies were established in this sector during the first two months, an increase of 32.2% on an annual basis.
The actual use of foreign capital in these industries reached 71.44 billion yuan, representing 33.2% of the total actual use of foreign capital in the country, and an increase of 1.2% compared to the same period in 2023; Within this, the high-tech manufacturing industry recorded a growth in foreign investment of 10.1% year-on-year.
The newspaper pointed out the rapid growth of investment in China by some advanced economies, as the actual investment of France, Spain and Australia in China during the first two months recorded growth rates of 585.8%, 399.3% and 144.5%, respectively.
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