China's manufacturing sector utilized over 220 billion yuan ($30.3 billion) in foreign investment in 2024, marking a significant step in the country's push for high-level opening-up.
Yao Jun, head of the planning department at the Ministry of Industry and Information Technology, said at a news conference on Thursday that China had fully lifted all foreign investment restrictions in the manufacturing sector, achieving a major accomplishment in its opening-up efforts.
Of the total foreign investment, high-tech manufacturing accounted for 11.7 percent. The medical equipment and instrument manufacturing sector, along with the computer and office equipment manufacturing sector, saw remarkable growth, with foreign investment increasing by 98.7 percent and 21.9 percent, respectively.
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