BEIJING - Foreign direct investment (FDI) in the Chinese mainland in actual use climbed 6 percent in November from the same period last year, the Ministry of Commerce said Saturday.
From January to November, the actual use of FDI stood at 749.7 billion yuan (about $104 billion), down 27.9 percent year-on-year. This decline narrowed by 1.9 percentage points compared to January to October, marking the third consecutive month of narrowing decline.
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In the first 11 months, 52,379 new foreign-invested enterprises were established nationwide, representing a year-on-year growth of 8.9 percent. This marks the highest level in history for the same period.
The proportion of actual use of FDI in high-tech manufacturing rose 0.3 percentage points compared to the same period last year.
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Investment from some developed economies has continued to grow, with actual investment from Germany up 10.9 percent year-on-year, from Singapore up 4.8 percent, and from Switzerland up 4 percent. Investment from ASEAN countries climbed 6.4 percent year-on-year.