FDI into China Tumbles 29.1% YoY in H1 of 2024

2024-07-30 03:24 By Farida Husna 1 min. read

Foreign direct investment (FDI) into China plunged 29.1% year-on-year to CNY 498.91 billion during January-June of 2024, a record decline for the first six months of the year.

About 12.8% of the total, or CNY 63.75 billion went into the high-tech manufacturing industries, up 2.4 percentage points from the same period last year.

Meanwhile, foreign investment in medical equipment and instrument manufacturing, and professional technical services increased by 87.5% and 43.4%, respectively.

The source of FDI was from Germany (18.1%) and Singapore (10.5)%.

In recent years, China has cracked down on several industries to ensure compliance with government policies, discouraging foreign investment.



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