Foreign Capital Actually Used in China Increased by 14,4 Percent

Foreign Capital Actually Used in China Increased Percent
Foreign Capital Actually Used in China Increased by 14,4 Percent

The foreign capital actually used in China in the first 10 months of the year reached 14,4 trillion 1 billion 89 million yuan ($ 860 billion 151 million) with an annual increase of 907 percent.

The contract volume signed at the 10th China International Import Expo (CIIE), which ended on November 5, rose to $73,52 billion.

In addition, it was reported that foreign-owned enterprises continued to increase their investments in China.

Cosmetics company Shiseido will set up its second largest R&D center in China.

Multinational pharmaceutical company Novo Nordisk also announced that it will establish an investment company in Shanghai by investing 400 million yuan.

Construction of the new R&D and production base of Zeiss, the world leader in the optics and optoelectronics industry, has begun in Suzhou Industrial Park.

In the first ten months, the use of foreign capital increased by 31,7 percent in high technology sectors, 57,2 percent in high technology manufacturing and 25 percent in high technology services sector.

In addition, investments by South Korea and Japan in China increased by 106,2 and 36,8 percent, respectively, in the first ten months.

Günceleme: 27/11/2022 11:44

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