China's absorption of foreign investment in January decreased by 11.7% year-on-year
According to data released by the Ministry of Commerce, there were 4588 newly established foreign-invested enterprises in China in January this year, a year-on-year increase of 74.4%; The actual amount of foreign investment used was 112.71 billion yuan, a year-on-year decrease of 11.7% and a month on month increase of 20.4%. The person in charge of the Foreign Investment Department of the Ministry of Commerce stated that in January 2023, China absorbed foreign investment of RMB 127.69 billion. Due to factors such as a high base, the year-on-year data for this year has decreased, but the month on month growth has been observed.
