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.