China saw a surge in new foreign firms, but foreign direct investment fell significantly in 2024.

In the first 10 months of 2024, China saw a 11.8% increase in new foreign-invested firms, totaling 46,893, but foreign direct investment (FDI) dropped 29.8% to $96.29 billion. The hi-tech manufacturing sector attracted 11.6% of FDI, with medical equipment and computer device manufacturing seeing significant growth of 61.7% and 48.8%, respectively. FDI from Germany and Australia rose by 7.5% and 6%.

November 15, 2024
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