A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. (PHOTO / CHINA DAILY)

Foreign direct investment into the Chinese mainland, in terms of actual use, rose 4.9 percent year-on-year to 408.45 billion yuan ($59.31 billion) in the first quarter of 2023, the Ministry of Commerce said on Thursday.

At the same time, high-tech industries saw a notable FDI increase of 18 percent from the same period last year. Specifically, foreign investment in electronics and communications equipment manufacturing soared 55.7 percent year-on-year, while investment in the science and technology conversion services surged 50.3 percent on a yearly basis.

Investment from France, Germany and the United Kingdom jumped 635.5 percent, 60.8 percent and 680.3 percent year-on-year, respectively, between January and March of this year.

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Non-financial outbound direct investment

China's non-financial outbound direct investment (ODI) rose 26.3 percent year-on-year to 215.97 billion yuan in the first quarter of the year, official data showed Thursday.

In US dollar terms, the ODI stood at $31.54 billion in the period, up 17.2 percent from a year earlier, according to the Ministry of Commerce.