China's non-financial foreign direct investment fell by more than 40% from Janua

From January to October, non-financial foreign direct investment (ODI) in China dropped by more than 40%. Reuters calculated that ODI in October amounted to a year-on-year decrease of nearly 30% to US $ 8.28 billion. Since the end of last year, the Chinese government has stepped up its supervision over foreign investment. However, the ODI of the single-month contract dropped year-on-year for the first time this year. However, with the improvement of cross-border capital flows, the decline of ODI in the next month is expected to gradually narrow.

China's Ministry of Commerce announced on Thursday that January-October non-financial foreign direct investment (ODI) fell 40.9% from a year earlier to 86.31 billion U.S. dollars.

According to the Ministry of Commerce's press release, from January to October, a total of 4,951 overseas-funded enterprises were filed and approved by the Ministry of Commerce and the provincial-level commerce authorities, of which 4,912 were filed and 39 were approved. From January to October, investment and cooperation with foreign countries in the "Belt and Road Initiative" steadily progressed and the decline in foreign investment narrowed. The industrial structure continued to be optimized. There was no new overseas investment in the real estate, sports and entertainment industries from January to October. .

"1-10 months, China's non-financial OFDI decreased by 1 percentage point lower than the first three quarters, further narrowing." Ministry of Commerce said.