FDI rises 5.8% to over 940b yuan in 2019

Foreign direct investment (FDI) into the Chinese mainland surged 5.8 percent year-on-year to 941.5 billion yuan in 2019, according to data released by the Ministry of Commerce on Tuesday.

Over 40,000 new foreign-funded enterprises were established in the country last year, while the number of foreign-funded projects with investment of at least $100 million reached 834, up 15.8 percent on a year-on-year basis, according to the official data.

FDI from Singapore, the Netherlands and South Korea grew by 51.1 percent, 43.1 percent and 21.7 percent year-on-year, respectively, in 2019, according to the ministry.

In the meantime, the global capital flow into high-tech industries in Chinese mainland jumped 25.6 percent year-on-year to 266 billion yuan, indicating many investment opportunities are emerging for foreign businesses in the transformation of traditional industries, high-end and smart manufacturing, as China's industrial sectors are undergoing an upgrading boom.