BEIJING, Jan. 17 (Xinhua) – China showed sound performance in the actual use of foreign investment in 2018, with actual use of foreign investment in manufacturing, central and western regions as well as large projects growing rapidly, according to an official from the Department of Foreign Investment Administration of China's Ministry of Commerce.
To be specific, foreign investment in actual use by China in 2018 totaled 885.61 billion yuan, up 0.9 percent year on year, hitting a new record high. Newly-established foreign-funded enterprises reached 60,533, a surge of 69.8 percent year on year.
China's actual use of foreign investment in manufacturing grew by 20.1 percent year on year and accounted for 30.6 percent of total foreign investment in actual use by China.
Foreign investment in actual use by central and western regions as well as free trade pilot zones increased by 15.4 percent, 18.5 percent and 3.3 percent respectively compared with the previous year.
Foreign-funded projects each with a contract value of over 50 million U.S. dollars was close to 1700, a growth of 23.3 percent year on year. China's actual use of foreign investment by M&As rose by 28.4 percent year on year.
The official also noted that investment from main sources of foreign investment for China presented good growth momentum, with actual amount invested by Singapore, the Republic of Korea, Japan, UK, Germany and the United States increased by 8.1 percent, 24.1 percent, 13.6 percent, 150.1 percent, 79.3 percent and 7.7 percent respectively year on year.
Besides, the actual amount invested in China by B&R countries, the European Union and the Association of Southeast Asian Nations grew by 13.2 percent, 22.6 percent and 13.8 percent respectively year on year. (Edited by Gu Shanshan)
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