A total of 46,893 new foreign-invested firms were established across China in the first 10 months of 2024, up 11.8 percent year on year, the Ministry of Commerce said on Friday.
During this period, foreign direct investment (FDI) in the Chinese mainland in actual use totaled 693.21 billion yuan (about 95.91 billion U.S. dollars), down 29.8 percent from a year earlier, the ministry said in a statement on its website.
As for industries, the manufacturing sector attracted 192.32 billion yuan, while 484.16 billion yuan flowed into the services sector.
The hi-tech manufacturing sector attracted 80.18 billion yuan, or 11.6 percent of the total FDI inflow, up 0.7 percentage points from the same period of last year.
Notably, FDI inflows into medical equipment and instrument manufacturing surged 61.7 percent, while inflows into computer and office device manufacturing grew by 48.8 percent during this period. Meanwhile, inflows into professional technical services increased by 19.5 percent.
In terms of source countries, FDI from Germany, Australia and Singapore went up by 7.5 percent, 6 percent and 4.4 percent year on year, respectively, data from the ministry showed.
Foreign-invested firms in China up 11.8 pct in Jan-Oct
President Xi Jinping's state visit is a highlight of China-Peruvian relations and will lead to further cooperation projects, said Chinese ambassador to Peru Song Yang.
Xi arrived in Peru's capital Lima on Thursday to attend the 31st APEC Economic Leaders' Meeting and pay a state visit to the Latin American country at the invitation of Peruvian President Dina Boluarte.
When Xi arrived at the Callao Air Base in Lima, he was warmly welcomed by Peruvian Prime Minister Gustavo Adrianzen and other senior officials. Ambassador Song welcomed Xi at the airport and expressed optimism about the potential outcomes of the visit.
"Both China and Peru are ancient civilizations. They have a long history of friendship and deep people-to-people exchanges. Our cooperation is now presenting a new landscape. President Xi Jinping, who is visiting Peru for the third time, has given many instructions and promoted cooperation between the two countries. Through the leadership provided by heads of state, China-Peru cooperation has reached a new horizon. We will further consolidate the foundation of our friendship and cooperation and expand the scope of future cooperation for the benefit of the people of both countries. So today should be considered a significant moment for Lima and a highlight of our practical friendship," Song said.
Song believes the visit will yield tangible advancements in political trust, pragmatic cooperation, and cultural exchange.
"President Xi Jinping decided to establish a comprehensive strategic partnership with Peru eleven years ago, resulting in fruitful outcomes over the years. He has proposed the Global Development Initiative, the Global Security Initiative, and the Global Civilization Initiative. We can see that Peru fully supports these three major initiatives, as we both uphold multilateralism and work together to maintain world peace and security, taking on greater responsibilities in these areas. I am confident that with the successful completion of this state visit, many projects will come to fruition. And our future task will be advancing these pragmatic cooperation projects, which is worth looking forward to," he said.
Despite the geographical distance, Song highlighted the psychological closeness between the two countries。
"I feel at home here. There is a brotherly bond and a sense of kinship. Wherever we go, we see the Peruvian people greeting us with smiles and open arms. I believe this is a solid foundation of public support for us, as well as a reflection of our cultural commonality," he said.
Xi's visit to Peru marks highlight of bilateral cooperation: Chinese ambassador
