Cina Foreign Direct Investment YoY

Foreign direct investment (FDI) into China declined 7.5% year-on-year to CNY 693.18 billion in the first eleven months of 2025, extending the streak of contractions that began in May 2023, though the drop was the softest since August 2023. In a sharp turnaround, actual utilized FDI in November surged 26.1% year-on-year. By sector, manufacturing attracted CNY 171.72 billion, while services accounted for CNY 506.29 billion of inbound investment. Meanwhile, CNY 221.26 billion was directly channeled into technology industries, with notable growth in e-commerce services, medical instruments and equipment manufacturing, and aerospace equipment manufacturing. By country of origin, Switzerland led FDI growth (+67%), followed by the United Arab Emirates (+47.6%) and the United Kingdom (+19.3%).