Foreign direct investment into China jumped 35.4% year-on-year to CNY 481 billion (US$75.3 billion) in January-May 2021, amid a low base effect from last year, when FDI into the country dropped by 3.8% due to the impact of the coronavirus pandemic, China’s commerce ministry data showed. Foreign investment in the service industry soared 41.6% from a year earlier to CNY 381.9 billion; and that in the high-tech industry grew by 34.6%, of which high-tech services (37.6%) and high-tech manufacturing (25%). Among the main sources of investment, FDI into China rose from ASEAN (56%) and the EU (16.8%), while FDI from the countries along the Belt and Road surged by 54.1%.
