Ministry of Commerce: China attracted a total of 693.21 billion yuan in foreign investment from January to October 2024.

The Ministry of Commerce stated in a document on November 15th that from January to October 2024, a total of 46,893 new foreign-invested enterprises were established nationwide, an increase of 11.8% compared to the previous year. The actual foreign investment used amounted to 693.21 billion RMB, a decrease of 29.8% year-on-year. In terms of industries, the manufacturing sector used 192.32 billion RMB of actual foreign investment, while the service sector used 484.16 billion RMB. The high-tech manufacturing industry used 80.18 billion RMB of actual foreign investment, accounting for 11.6% of the total foreign investment, an increase of 0.7 percentage points compared to the same period last year. The actual foreign investment in the medical device and instrument manufacturing industry, computer and office equipment manufacturing industry, and professional technical services industry increased by 61.7%, 48.8%, and 19.5% respectively. In terms of sources, the actual investment in China from Germany, Australia, and Singapore increased by 7.5%, 6%, and 4.4% respectively (including investment data through free trade zones). This article is compiled from the Ministry of Commerce, edited by GMTEight: Chen Xiaoyi.