China’s manufacturing industry saw a 46.1 per cent year-on-year increase in foreign direct investment (FDI) inflow to 323.7 billion yuan (approximately $47.93 billion) in 2022, according to the country’s commerce ministry. In 2022, total FDI, in the Chinese mainland, increased by 6.3 per cent to 1.23 trillion yuan compared to the previous year.
The country’s FDI inflow in US dollar terms grew by 8 per cent YoY to $189.13 billion.
FDI investment from the UK, Germany, and Republic of Korea in 2022 increased by 40.7 per cent, 52.9 per cent, and 64.2 per cent, respectively. Furthermore, a sharp rise of 92.2 per cent YoY was observed in FDI investment from the European Union (EU), according to the data from China’s commerce ministry.
FDI flowing into the country’s western region reported a YoY increase of 14.1 per cent, while the FDI inflow in China’s central region grew by 21.9 per cent YoY.