CNBF Daily Brief 20.2.2023

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Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 14.5% year on year to 127.69 billion yuan in January, according to the Ministry of Commerce. In U.S. dollar terms, the FDI inflow went up 10% year on year to 19.02 billion U.S. dollars.

High-tech industries saw a rapid FDI increase of 62.8% in January. Specifically, foreign investment in high-tech manufacturing surged 74.5%, while that in the high-tech service sector rose 59.6%.

FDI flowing into the country's central region reported a year-on-year expansion of 25.9%, followed by 21.6% in the western region.

China's road logistics price index rose last week, driven by increasing demand and a stable supply of transport, according to a survey jointly conducted by the China Federation of Logistics and Purchasing and the Guangdong Lin'an Logistics Group.

The index came in at 1,052.26 points in the week ending Feb. 17, up 2.19% over a week earlier. The sub-indices of all types of vehicles registered strong week-on-week growth during the period. The figure for full truckload logistics prices, which mainly measures bulk commodity and regional transportation, stood at 1,053.58 points, rising 2.55% from the previous week.

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