China FDI drops 27.9% YoY in January to November
Foreign direct investment in China decreased 27.9% year-on-year to CNY 749.7 billion in the period January to November 2024, data by the Ministry of Commerce of the People’s Republic of China showed.T
Foreign direct investment in China decreased 27.9% year-on-year to CNY 749.7 billion in the period January to November 2024, data by the Ministry of Commerce of the People’s Republic of China showed.
That compares with a 29.8% YoY slump in the first ten months of the year.
82.53 billion yuan were invested in the high-tech manufacturing industries.
Foreign direct investment in medical equipment and instrument manufacturing went up 53.4% YoY, FDI in computer and office equipment rose 39.1% YoY and FDI in professional technical services increased 19% YoY.
Foreign direct investment from Germany surged 10.9% YoY, while FDI from Singapore rose 4.8% YoY, the data showed.
The USD/CNY currency pair settled 0.10% higher at 7.2751 on Friday. For the week, the currency pair edged up 0.08%.
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