Foreign direct investment flows into the Chinese mainland’s economy decreased by 8% to $157.1 billion in 2023. Interfax Referring to the country’s Ministry of Commerce.
During the period, the volume of investments in the service sector decreased by 13.4% and in the manufacturing sector by 1.8%.
At the same time, many countries have significantly increased their investments in China. These included France (+84.1% year-on-year), Great Britain (+81%), Netherlands (+31.5%), Switzerland (+21.4%) and Australia (+17.1%).
Additionally, 53,766 thousand new foreign companies were registered in China last year. This figure is 39.7% above the value in 2022.
According to preliminary data for 2023, China happened The world’s largest automobile exporter. The country came out on top in this segment for the first time. China partly owes this impressive increase in auto sales abroad to Russia. Learn more about the 2024 plans of Chinese automobile companies in the Russian Federation – In the material “socialbites.ca”.
Previously in Russia was recorded Record growth in CASCO sales.