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According to statistics, in the first six months of this year, the country's non-financial sector absorbed 10,400 foreign direct investment enterprises, and the actual use of foreign capital was US$43.01 billion, down 28.4% and 17.9% respectively. From the perspective of the industrial distribution of foreign capital, the decline in the service sector is relatively large, and the decline in manufacturing is lower than the national average. In the first six months of this year, the actual use of foreign investment in the service industry decreased by 27.7% year-on-year; the actual use of foreign investment in manufacturing decreased by 10.1% year-on-year. However, the actual use of foreign capital in the technology-intensive industries such as special equipment, general equipment, and transportation equipment manufacturing decreased even more, with the declines being higher than the average, 4, 6, and 18 percentage points of the manufacturing industry.
China's exports of mechanical and electrical products have achieved an average annual growth rate of 30.9% in the past 25 years. In the first six months of this year, the export of mechanical and electrical products accounted for 58.8% of foreign trade exports; the export of mechanical and electrical products nationwide was 306.68 billion US dollars, down 21.2% year-on-year. Experts believe that the comparative advantage of China's exports of mechanical and electrical products is still obvious. In the future, the growth of China's mechanical and electrical products exports will depend on the upgrading of production methods and the transformation of production structure.
The Foreign Investment Department of the Ministry of Commerce recently stated that China’s foreign investment in the first half of this year continued to show a downward trend. In the first half of the year, the actual use of foreign capital in China's service sector declined relatively, and the decline in the actual use of foreign capital in the real estate sector was the main reason for this situation.