China Sees Significant Rise in High-Tech Foreign Investment Despite Overall Decline
Summary
Foreign investment in China’s high-tech industries rose 35.1% in the first eight months even as overall foreign direct investment fell 5.3%. Beijing says the country is increasingly attracting global capital through innovation, advanced manufacturing and stronger R&D capabilities.
Key Points
- Actual utilized foreign direct investment in China’s high-tech industries rose 35.1% to 200.26 billion yuan from January to August, accounting for 41.7% of total FDI.
- Overall foreign direct investment in China fell 5.3% year on year to 479.95 billion yuan, even as new foreign-invested enterprises edged up 0.3%.
- Investment growth was especially strong in R&D and design services, scientific and technological achievement commercialization, and electronic and telecom equipment production.
- Chinese officials and experts say the country is shifting from a low-cost investment destination to one driven by innovation, technology and advanced manufacturing.
