Ministry of Commerce: China absorbed 539.47 billion yuan in foreign investment from January to July, a year-on-year decrease of 29.6%.

On August 16, the Ministry of Commerce data showed that from January to July 2024, a total of 31,654 new foreign-invested enterprises were established in China, an increase of 11.4% year-on-year; the actual use of foreign capital amounted to 539.47 billion RMB, a year-on-year decrease of 29.6%. By industry, the actual use of foreign capital in the manufacturing industry was 154.48 billion RMB, accounting for 28.6% of the total actual use of foreign capital in the country, an increase of 2.9 percentage points compared to the same period last year. The actual use of foreign capital in high-tech manufacturing was 69.58 billion RMB, accounting for 12.9% of the total actual use of foreign capital in the country, an increase of 2.6 percentage points compared to the same period last year. The actual use of foreign capital in the medical equipment and instrument manufacturing industry, professional and technical services industry, and computer and office equipment manufacturing industry increased by 87%, 41.3%, and 32.4% respectively. In terms of sources, actual investments in China from Germany and Singapore increased by 26.4% and 11% respectively (including data from investments through free trade zones). This article is compiled from the official website of the Ministry of Commerce, edited by GMTEight: Huang Xiaodong.