Foreign capital in China increased by 14.4 percent

In the first 10 months of the year, foreign capital actually used in China increased by 14.4 percent on an annual basis, reaching 1 trillion 89 billion 860 million yuan (151 billion 907 million dollars), while foreign-capital enterprises announced that they will make new investments in China. In China, where business activities were halted due to the country's ‘zero Covid’ policy, foreign capital actually used in the first 10 months of the year increased by 14.4 percent on an annual basis, reaching 1 trillion 89 billion 860 million yuan (151 billion 907 million dollars). The volume of contracts signed at the 5th China International Import Expo (CIIE), which ended on November 10, also rose to 73.52 billion dollars. In addition, it was reported that foreign-capital enterprises continue to increase their investments in China. Cosmetics company Shiseido will establish its second largest R&D center in China. Multinational pharmaceutical company Novo Nordisk also announced that it will set up an investment company in Shanghai by investing 400 million yuan. High-tech manufacturing up 57.2 percent Construction has begun on a new R&D and manufacturing base for Zeiss, a world leader in the optics and optoelectronics industry, in the Suzhou Industrial Park. In the first ten months, foreign capital use increased by 31.7 percent in high-tech industries, 57.2 percent in high-tech manufacturing, and 25 percent in high-tech services. In addition, South Korean and Japanese investments in China increased by 106.2 percent and 36.8 percent, respectively, in the first ten months.