Investors shower love on high-tech industry

By Xinhua News Agency

Nov 09, 2022 12:16 am

BEIJING: China's high-tech industry is becoming popular worldwide despite a deteriorating global investment environment, as overseas investors are looking at the huge growth opportunities the sector offers.

Bucking the trend of declining foreign direct investments (FDI) found elsewhere in the world, mainland China's FDI maintained double-digit growth in the first three quarters of 2022. Notably, FDI in the high-tech manufacturing and service sectors rose 48.6 percent and 27.9 percent, respectively, from a year earlier.

The booth of Novo Nordisk at the medical equipment and health care products exhibition area of the fifth China International Import Expo at the National Exhibition and Convention Center in Shanghai on Nov. 5, 2022. XINHUA PHOTO

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