FDI surges by 5.2% in first nine months

Growth seen in yuan and dollar terms as overseas firms bolster investment

China's actual use of foreign capital rose the first time in the first three quarters of the year, both in yuan and dollar terms, according to data released by the Ministry of Commerce on Friday.

Foreign direct investment in China grew by 5.2 percent on a yearly basis to 718.81 billion yuan ($107.2 billion) between January and September. In dollar terms it increased by 2.5 percent to $103.26 billion.

China's early recovery from the COVID-19 pandemic, new business models and growing size of the domestic market will prompt global companies to continue investment in China for long-term success, said Zhang Yongjun, a researcher at the Beijing-based China Center for International Economic Exchanges.