On August 15, the official from MOFCOM Department of Foreign Investment Administration made a statement on China’s assimilation of foreign investment in January-July.

In January-July 2017, 17,703 foreign invested companies were newly established, with an increase of 12% year on year; the actual use of foreign capital reached 485.42 billion yuan, decreasing by 1.2% year on year.

The Head of the Department of Foreign Investment Administration of the Ministry of Commerce pointed out that China’s assimilation of foreign investment in January- July mainly showed the following features:

The assimilation of FDI in high-tech manufacturing and service sector continued to increase. The actual use of foreign capital in high-tech manufacturing reached 37.39 billion yuan, with an increase of 8.3% year on year. Among these, the actual use of foreign capital in computer and office equipment manufacturing, pharmaceutical industry and electronic and communication device manufacturing increased by 85.4%, 9.8% and 6.3% respectively year on year. The actual use of foreign capital in high-tech service sector amounted to 70.31 billion yuan, increasing by 16.8% year on year. Among these, that in information service, R&D and design service, transformation of scientific and technological achievements service rose by 13.6%, 8.9% and 47.3% respectively year on year.

Besides, there were manufacturing industries with a higher rate of increase. For example, petroleum processing, coking and nuclear fuel processing industry, chemical raw materials and chemical products industry and the general equipment manufacturing industry increased by 328.4%, 21.2% and 15.1% respectively year on year. Growth in other modern service remained smooth. For example, that in information transport, computer service and software industry, lease and commercial service industry and scientific research, technical service and geologic exploration industry rose by 12.9%, 23% and 20.8% respectively year on year.

The assimilation of FDI in central China continued to increase. In January-July, the actual use of foreign capital increased by 36.2% year on year.

The actual input from Hong Kong, Taiwan and 28 EU countries grew up 6.6%, 41.2% and 5.4% respectively year on year.