China recorded 13,987 new foreign-invested enterprises (+11% YoY) in January–March 2026 while utilized foreign capital fell -7.3% YoY to ¥249.6B, highlighting continued divergence between firm creation and capital inflows.

• Total utilized foreign capital declined -7.3% YoY to ¥249.6B despite rising enterprise formation, indicating weaker aggregate inflows even as investment activity expanded in terms of new entities.
• Manufacturing attracted ¥71.46B of foreign capital, while services accounted for ¥174.6B, showing the service sector remained the dominant destination for foreign investment.
• High-tech industries received ¥102.73B (+30.7% YoY), representing 41.2% of total FDI, an increase of +12 ppts YoY, indicating a growing concentration of inflows in technology-related sectors.
• Within high-tech industries, R&D and design services rose +127.8% YoY, computer and office equipment manufacturing increased +88.1% YoY, and electronic and communication equipment manufacturing grew +23.8% YoY, pointing to strong gains in advanced subsectors.
• The divergence between overall FDI contraction and high-tech expansion suggests inflows are becoming more concentrated in targeted industries rather than broadly distributed across sectors.
• By source country, investment from Luxembourg rose +96.8% YoY, Switzerland +50.4% YoY, France +42.3% YoY, and South Korea +35.2% YoY, highlighting uneven but notable increases from selected foreign investors.

China recorded 8,631 new foreign-invested enterprises (+14% YoY) in January–February 2026 while utilized foreign capital fell -5.7% YoY to ¥161.45B, highlighting diverging trends between firm creation and capital inflows.

• Total utilized foreign capital declined -5.7% YoY to ¥161.45B despite rising enterprise formation, indicating weaker aggregate inflows even as investment activity broadened.

• Manufacturing attracted ¥47.52B of foreign capital, while services accounted for ¥111.22B, showing the service sector remained the dominant destination for foreign investment.

• High-tech industries received ¥63.21B (+20.4% YoY), representing 39.2% of total FDI, an increase of +8.5 ppts YoY, indicating a rising concentration of inflows in technology-related sectors.

• Within high-tech industries, R&D and design services surged +171.8% YoY, computer and office equipment manufacturing rose +84.1% YoY, and electronic and communication equipment manufacturing increased +35.5% YoY, pointing to strong growth in specific advanced subsectors.

• The divergence between overall FDI contraction and high-tech expansion suggests that inflows are becoming more concentrated in targeted industries rather than broadly distributed.

• By source country, investment from Canada rose +210% YoY, Switzerland +41.3% YoY, and France +3% YoY, highlighting uneven but notable increases from selected foreign investors.

China recorded 5,306 new foreign invested enterprises in January 2026 (+25.5% YoY) while utilized foreign capital fell -5.7% YoY to ¥92.01B, showing diverging activity and inflow trends.

• Manufacturing attracted ¥26.09B and services ¥64.04B of foreign capital, indicating the service sector remained the primary destination for investment.

• High tech industries received ¥33.75B (+0.6% YoY), accounting for 36.7% of total FDI, a +2.3 ppt increase in share from the prior year.

• Within high tech, R&D and design services surged +175.1% YoY, computer and office equipment manufacturing +82.4% YoY, and electronic and communication equipment manufacturing +3.7% YoY, showing concentrated gains in specific subsectors.

• Investment from Germany increased +86.6% YoY, Switzerland +57.4% YoY, and Singapore +10.9% YoY, highlighting stronger inflows from selected source economies.

• Despite rising enterprise formation, total utilized foreign capital declined -5.7% YoY, indicating weaker overall capital inflows compared with the prior year.

China’s actual use of foreign direct investment fell -9.5% YoY in 2025 to ¥747.69B, even as new foreign-invested enterprises rose +19.1% YoY, signaling weaker inflows alongside continued foreign firm formation.

• A total of 70,392 new foreign-invested enterprises were established in 2025 (+19.1% YoY), indicating faster growth in foreign business registrations despite softer capital inflows.

• Actual foreign capital utilized totaled ¥747.69B in 2025 (-9.5% YoY), pointing to a larger annual decline than the pace implied by new enterprise formation.

• By sector, manufacturing attracted ¥185.51B in FDI while services received ¥545.12B, reinforcing the service sector as the dominant destination for foreign investment.

• High-tech industries drew ¥241.77B in FDI, representing a sizable share of total utilization and indicating relative resilience in tech-oriented categories.

• Within high tech, FDI increased in e-commerce services (+75% YoY), medical instruments and equipment manufacturing (+42.1% YoY), and aerospace equipment manufacturing (+22.9% YoY), showing concentrated strength in select subsectors.

• By source country, inflows from Switzerland rose +66.8% YoY, the UAE increased +27.3% YoY, and the UK increased +15.9% YoY (including free port investment data), highlighting selective gains among key investor countries.

China’s actual use of foreign direct investment totaled ¥693.18B in Jan–Nov 2025, down -7.5% YoY, while new foreign-invested enterprises rose +16.9% YoY, highlighting weaker capital inflows alongside continued firm formation.

• A total of 61,207 new foreign-invested enterprises were established nationwide (+16.9% YoY), indicating sustained expansion in the number of foreign firms despite softer aggregate inflows.

• Actual FDI inflows declined on a cumulative basis to ¥693.18B (-7.5% YoY), an improvement over a -10.3% YoY decline in October and the smallest YTD decline since August 2023.

• In November alone, actual use of foreign capital increased +26.1% YoY, marking a notable rebound at the end of the period.

• By sector, manufacturing attracted ¥171.72B in FDI, while services received ¥506.29B, reinforcing the service sector’s dominant share of foreign investment.

• High-tech industries drew ¥221.26B in FDI, accounting for a sizable portion of total inflows and signaling relative strength in technology-oriented sectors.

• Within high tech, e-commerce services (+127% YoY), medical instruments and equipment manufacturing (+46.5% YoY), and aerospace equipment manufacturing (+41.9% YoY) posted the fastest growth rates.

• By source country, investment from Switzerland (+67% YoY), the United Arab Emirates (+47.6% YoY), and the United Kingdom (+19.3% YoY) increased, pointing to selective gains among major investors.

China’s actual use of foreign direct investment (FDI) totaled ¥621.93 billion in Jan–Oct 2025, down -10.3% YoY, while 53,782 new foreign-invested enterprises were established, a +14.7% YoY increase, reflecting weaker capital inflows but continued expansion in enterprise formation.

• Manufacturing FDI was ¥161.91 billion, showing steady but smaller-scale investment relative to services.

• Service-sector FDI reached ¥445.82 billion, underscoring the sector’s dominant role in attracting foreign capital.

• High-tech industries received ¥192.52 billion, with notable increases in key sub-sectors such as e-commerce services (+173.1% YoY), medical equipment manufacturing (+41.4% YoY), and aerospace equipment manufacturing (+40.6% YoY).

• Investment from the UAE (+48.7% YoY), the UK (+17.1% YoY), and Switzerland (+13.2% YoY) increased, indicating selective strength among major investor countries.

China’s FDI totaled ¥573.75 billion in Jan–Sep 2025, down -10.4% YoY, while the number of newly established foreign-invested enterprises rose +16.2% YoY to 48,921, reflecting slower capital inflows but continued business expansion.

• In September alone, actual FDI utilization increased +11.2% YoY, showing a short-term pickup in foreign investment activity.

• The manufacturing sector received ¥150.09 billion in FDI, while services attracted ¥410.93 billion, underscoring the continued dominance of service-related inflows.

• High-tech industries absorbed ¥170.84 billion in FDI, with notable gains in e-commerce services (+155.2% YoY), aerospace equipment manufacturing (+38.7% YoY), and medical equipment manufacturing (+17.0% YoY).

• By source country, FDI inflows from Japan (+55.5% YoY), the UAE (+48.7% YoY), the UK (+21.1% YoY), and Switzerland (+19.7% YoY) all increased, including investments via free ports.

China’s FDI fell -12.7% YoY to ¥506.58 billion from January–August 2025, even as the number of new foreign-invested enterprises rose +14.8% YoY to 42,435.

• Manufacturing attracted ¥129.03 billion in FDI, while services drew ¥366.19 billion, underscoring the continued dominance of the service sector.

• High-tech industries received ¥148.28 billion, with sharp gains in e-commerce services (+169.2% YoY), aerospace equipment manufacturing (+37.5%), chemical manufacturing (+23.2%), and medical equipment manufacturing (+19.2%).

• FDI inflows from Japan rose +58.9% YoY, Switzerland +37.2% YoY, the UK +24.5% YoY, and Singapore +1.8% YoY (including flows via free ports).

China’s FDI fell -13.4% YoY to ¥467.34 billion from January–July 2025, up from -15.2% YoY in the 1st half of the year, even as the number of new foreign-invested enterprises rose +14.1% YoY to 36,133.

• Manufacturing attracted ¥121.04 billion in FDI, while services drew ¥336.25 billion, underscoring the dominance of the service sector.

• High-tech industries received ¥137.36 billion, with sharp gains in e-commerce services (+146.8% YoY), aerospace equipment manufacturing (+42.2%), chemical manufacturing (+37.4%), and medical equipment manufacturing (+25.5%).

• FDI inflows from ASEAN rose +1.1% YoY, while Switzerland (+63.9%), Japan (+53.7%), and the UK (+19.5%) recorded strong increases.

China’s FDI fell -15.2% YoY to ¥423.23 billion in the first half of 2025, despite a pickup in newly established foreign-invested enterprises, which rose +11.7% YoY to 30,014.

• High-tech industries attracted ¥127.87 billion, with strong YoY gains in e-commerce services (+127.1%), chemical/pharma manufacturing (+53%), aerospace/equipment (+36.2%), and medical devices (+17.7%).
• Manufacturing drew ¥109.06 billion in FDI, while the service sector brought in ¥305.87 billion.
• FDI from ASEAN rose +8.8% YoY, with notable increases from Switzerland (+68.6%), Japan (+59.1%), UK (+37.6%), Germany (+6.3%), and South Korea (+2.7%).

Total foreign direct investment to China was down -13.2% YoY in the YTD period through May, down from -10.9% YoY in April.

• FDI from the ASEAN region was up 20.5% YoY.
• Investment from other developed economies saw strong increases as well: Japan up 70.2% YoY, UK up 60.9% YoY, South Korea up 10.3% YoY, and Germany up 7.1% YoY.
• Investment in the following industries saw strong increases: e-commerce services up 146% YoY, aerospace & equipment manufacturing up 74.9% YoY, chemical manufacturing up 59.2% YoY, and medical & equipment manufacturing up 20% YoY.