Foreign Capital Actually Used in China Falls 0.7% YoY in Jan-May

In the first five months of 2017, 12 159 foreign-funded enterprises were established in China, an increase of 11.9% YoY, according to the Ministry of Commerce of China. In May, 2 433 were created, down 5.4% YoY. Foreign capital actually used in China during January-May declined 0.7% YoY to RMB341.08 billion, while that for May alone totaled RMB54.67 billion, down 3.7% YoY.
China’s high-tech service industries actually used foreign capital of RMB48.64 billion from January to May, up 20.5% YoY. In detail, the foreign capital used increased 15.9% YoY in information service, rose 4.8% YoY in R&D and design service, and surged 69.3% YoY in transformation services for scientific research achievements.
Other modern service industries maintained strong momentum in the first five months. Foreign capital actually used in transportation, storage and postal services grew 19.9% YoY; that in information transmission, computer services and software rose 16.8% YoY; that in leasing and business service soared 32.7% YoY; and that in research, technical services and geological exploration grew 26.1% YoY.
Further, foreign capital actually used in the chemical industry increased 27% YoY, and that in the manufacture of general equipment jumped 46.6% YoY.
China will adopt a series of measures to facilitate foreign investment such as issuing a new Catalogue for the Guidance of Foreign Investment Industries.