Foreign direct investment in China decreased 28.2% year-on-year to 412.5 billion yuan in the period January to May 2024.It has been a record drop for the first five months of the year, according to th
China FDI drops 28.2% YoY in January to May
Foreign direct investment in China decreased 28.2% year-on-year to 412.5 billion yuan in the period January to May 2024.
It has been a record drop for the first five months of the year, according to the Ministry of Commerce of the People’s Republic of China.
50.41 billion yuan were invested in the high-tech manufacturing industries, or a 2.7% increase compared to the same period a year ago.
Foreign direct investment in the smart consumer equipment manufacturing sector soared 332.9% YoY and investments in professional and technical services went up 103.1% YoY.
Foreign direct investment from Germany surged 24.2% YoY, the data showed.
The USD/CNY currency pair settled 0.01% higher at 7.2609 on Friday. For the week, the currency pair edged up 0.08%, as it extended the gains from the prior two weeks.
Best Exchanges
Open a Demo Account and Hone Your Trading Skills
A World-Class Trading Experience
Manchester United's Official Online Financial Trading Platform Partner
Low Spreads. Safe Trades.Trade confidently with FBS: superior conditions and exceptional security standards.
Get VIP treatment with ZERO spreads (for 90%+ of the trading day) + low commission (max 3.5 USD per lot per side) MT4/MT5
One of the best brokers for low spreads, trading conditions and execution
Brokers News
