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Foreign investment trend into China's manufacturing sector unchanged: MOC

2019-11-22 00:56

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BEIJING, Nov. 21 (Xinhua) -- The trend of attracting foreign investment to boost high-quality development in China's manufacturing sector remains unchanged, a spokesperson with the Ministry of Commerce (MOC) said Thursday.

On the other hand, the year-on-year decrease in the manufacturing sector's foreign investment in actual use in the first 10 months of this year was mainly due to incidental factors, MOC spokesperson Gao Feng told a press conference.

The intensive arrival of funds into large foreign-invested projects from August to October last year led to a higher base number for the January-October period, Gao added.

Foreign investment in the high-tech manufacturing sector grew 5.5 percent year on year in the January-October period, accounting for 38.9 percent of the manufacturing sector's foreign investment in actual use.

This reflected the faster launch of foreign-invested projects in China and a continuously improving foreign investment utilization structure, according to Gao.

Noting China's persistent efforts in unleashing its market potential, building a law-based business environment as well as promoting trade and investment facilitation, Gao said the country welcomes foreign investors to continue to invest while jointly embracing development opportunities and enjoying development achievements.
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