China's FDI inflow rises 6% in Nov despite annual decline

From January to November, the actual use of FDI stood at 749.7 billion yuan ($104 billion)—down by 27.9 per cent YoY. This decline narrowed by 1.9 percentage points compared to the January-October figure, marking the third consecutive month of narrowing decline.

In the first 11 months this year, 52,379 new foreign-invested enterprises were set up across China, representing a YoY growth of 8.9 per cent. This marks the highest level in history for that period, as per Chinese media reports.

Investment from some developed economies has continued to grow, with actual investment from Germany up by 10.9 per cent YoY, from Singapore up by 4.8 per cent, and from Switzerland up by 4 per cent.

Investment from countries of the Association of Southeast Asian Nations increased by 6.4 per cent YoY.

ALCHEMPro News Desk (DS)