The Chinese Ministry of Commerce announced that the volume of foreign direct investment in China rose by 18.9% year on year to reach $155.3 billion during the first nine months of 2022.
The service industry saw the inflow of foreign direct investment jump 6.7% year on year to 43.741 billion yuan, while high-tech industries saw a 32% increase over the previous year, according to the Xinhua News Agency.
Specifically, foreign direct investment in the high-tech manufacturing industry rose 48% compared to the same period last year, while investment in the high-tech service industry increased by 27% year-on-year.