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.