General

According to the import and export data, from January to October this year, the actual amount of foreign investment used nationwide was 1089.86 billion yuan, an increase of 14.4% on a comparable basis (the same below), equivalent to 168.34 billion US dollars, an increase of 17.4%. According to the import and export data, the central and western regions are outstanding.

In terms of industry, the actual use of foreign capital in the service industry was 798.84 billion yuan, up 4.8%. The actual use of foreign capital in high-tech industries increased by 31.7%. According to the import and export data, high-tech manufacturing industry grew by 57.2%, and high-tech service industry grew by 25%.

According to the import and export data, the actual investment in China by South Korea, Germany, Britain and Japan increased by 106.2%, 95.8%, 40.1% and 36.8% respectively (including the data on investment through free ports).

According to the import and export data, from the perspective of regional distribution, the actual use of foreign capital in the eastern, central and western regions of China increased by 12.4%, 33.6% and 26.9% respectively.

Wang Xiaohong, vice minister of the Scientific Research and Information Department of the China International Economic Exchange Center, said that in the first 10 months, China's absorption of foreign capital has grown steadily and achieved a double-digit growth of 14.4%, indicating that China is still a huge gravitational field to attract global transnational investment. In the light of the multiple pressures and challenges at home and abroad, this achievement is even harder to come by.

Wang Xiaohong believes that China has a series of comprehensive advantages, such as a long-term good economic fundamentals, a complete industrial system, a super large market, and constantly promoting high-level opening up, which provide a good development environment for foreign investment and are recognized by foreign enterprises.

Wang Xiaohong also said that while the total amount has maintained a steady growth, China's absorption of foreign capital has also shown a series of structural highlights. Among them, the actual use of foreign capital in high-tech industries has achieved rapid growth, and the growth rate of foreign capital absorption in high-tech manufacturing has reached 57.2%. It is of great significance for upgrading the structure of manufacturing industry and accelerating the construction of a manufacturing power. In addition, the central and western regions have also become the focus of foreign investment, moving from the end of opening up to the forefront of opening up. With the continuous optimization of infrastructure, business environment, human resources, etc., the ability of the central and western regions to undertake industrial transfer will be further enhanced, and there will be huge room for development in the future.