"高技术产业引资成果亮眼，尤其是电子商务服务业、航空航天器等领域增长迅猛，反映出我国产业升 级趋势对外资的吸引力；同时，我国外资来源地更趋多元化，国际合作空间进一步拓展。"付一夫说。 付一夫认为，新设立外商投资企业数量快速增长，对后续吸引和利用外资意义重大，向外界传递了积极 信号。新设立外商投资企业还能带动上下游产业链投资，促进产业集聚，形成良性循环，助力我国更好 地优化外资结构，提升利用外资质量。 具体从行业看，1月份至7月份，制造业实际使用外资1210.4亿元人民币，服务业实际使用外资3362.5亿 元人民币。高技术产业实际使用外资1373.6亿元人民币，其中，电子商务服务业、航空航天器及设备制 造业、化学药品制造业、医疗仪器设备及器械制造业实际使用外资分别增长146.8%、42.2%、37.4%、 25.5%。 从来源地看，东盟地区实际对华投资增长1.1%，瑞士、日本、英国实际对华投资分别增长63.9%、 53.7%、19.5%(含通过自由港投资数据)。 8月22日，商务部发布数据显示，2025年1月份至7月份，全国新设立外商投资企业36133家，同比增长 14.1%；实际使用外资金额4673.4亿元人 ...

Group 1 - The Ministry of Commerce of China reported that from January to July this year, 36,133 new foreign-invested enterprises were established, representing a year-on-year increase of 14.1% [1] - The actual utilized foreign capital amounted to 467.34 billion yuan, showing a year-on-year decrease of 13.4% [1] - In terms of industry, the actual utilized foreign capital in the manufacturing sector was 121.04 billion yuan, while the service sector saw 336.25 billion yuan [1] Group 2 - High-tech industries attracted 137.36 billion yuan in actual utilized foreign capital, with significant year-on-year growth in e-commerce services (146.8%), aerospace equipment manufacturing (42.2%), chemical pharmaceuticals (37.4%), and medical instruments manufacturing (25.5%) [1] - From the perspective of investment sources, actual investment from ASEAN countries increased by 1.1%, while investments from Switzerland, Japan, and the UK grew by 63.9%, 53.7%, and 19.5% respectively [1]

Group 1 - In the first seven months of 2025, a total of 36,133 new foreign-invested enterprises were established in China, representing a year-on-year increase of 14.1% [1] - The actual utilized foreign capital amounted to 467.34 billion RMB, showing a year-on-year decrease of 13.4% [1] - In terms of industry, the manufacturing sector attracted 121.04 billion RMB in foreign investment, while the service sector received 336.25 billion RMB [1] Group 2 - High-tech industries saw actual foreign investment of 137.36 billion RMB, with significant growth in specific sectors: e-commerce services increased by 146.8%, aerospace equipment manufacturing by 42.2%, chemical pharmaceuticals by 37.4%, and medical instruments manufacturing by 25.5% [1] - From the perspective of investment sources, actual investment from ASEAN countries grew by 1.1%, while investments from Switzerland, Japan, and the UK increased by 63.9%, 53.7%, and 19.5% respectively [1]

Core Insights - The number of newly established foreign-invested enterprises in China from January to July 2025 reached 36,133, marking a year-on-year increase of 14.1% [1] - The actual utilized foreign capital amounted to 467.34 billion RMB, reflecting a year-on-year decrease of 13.4% [1] Industry Analysis - In the manufacturing sector, the actual utilized foreign capital was 121.04 billion RMB, while the service sector saw 336.25 billion RMB in actual utilized foreign capital [1] - High-tech industries attracted 137.36 billion RMB in actual utilized foreign capital, with significant growth in specific areas: e-commerce services (up 146.8%), aerospace equipment manufacturing (up 42.2%), chemical pharmaceuticals manufacturing (up 37.4%), and medical instruments manufacturing (up 25.5%) [1] Source Region Insights - Investment from the ASEAN region to China increased by 1.1% [1] - Notable growth in actual investment from Switzerland (up 63.9%), Japan (up 53.7%), and the UK (up 19.5%), including data from free port investments [1]

Core Insights - In the first seven months of 2025, China saw the establishment of 36,133 new foreign-invested enterprises, marking a year-on-year increase of 14.1% [1] - However, the actual utilized foreign capital amounted to 467.34 billion RMB, reflecting a year-on-year decrease of 13.4% [1] Industry Analysis - The manufacturing sector attracted 121.04 billion RMB in actual foreign investment, while the service sector received 336.25 billion RMB [1] - High-tech industries accounted for 137.36 billion RMB in actual foreign investment, with notable growth in specific sectors: e-commerce services (up 146.8%), aerospace equipment manufacturing (up 42.2%), chemical pharmaceuticals manufacturing (up 37.4%), and medical instruments manufacturing (up 25.5%) [1] Source Region Insights - Investment from the ASEAN region to China increased by 1.1% [1] - Significant growth in foreign investment from Switzerland (up 63.9%), Japan (up 53.7%), and the UK (up 19.5%) was noted, including data from free port investments [1]

Core Insights - In the first seven months of 2025, China established 36,133 new foreign-invested enterprises, marking a year-on-year increase of 14.1% [1] - The actual utilized foreign capital amounted to 467.34 billion RMB, reflecting a year-on-year decrease of 13.4% [1] Industry Analysis - The manufacturing sector attracted 121.04 billion RMB in actual foreign investment, while the service sector received 336.25 billion RMB [1] - High-tech industries saw actual foreign investment of 137.36 billion RMB, with notable growth in specific sectors: e-commerce services (up 146.8%), aerospace equipment manufacturing (up 42.2%), chemical pharmaceuticals manufacturing (up 37.4%), and medical instruments manufacturing (up 25.5%) [1] Source Region Insights - Investment from ASEAN countries to China increased by 1.1% [1] - Significant growth in foreign investment from Switzerland (up 63.9%), Japan (up 53.7%), and the UK (up 19.5%), including data from free port investments [1]

Economic Overview - The national economy shows a steady growth trend, with industrial added value above designated size increasing by 5.7% year-on-year in July and 6.3% from January to July [1][3] - The service industry continues to grow rapidly, contributing significantly to economic stability [6] Industrial Production - Industrial production maintains robust growth, with high-quality development progressing steadily, showcasing resilience and potential [1] - High-tech manufacturing added value increased by 9.3% year-on-year in July, with significant growth in integrated circuits and electronic materials [2] - Equipment manufacturing and high-tech manufacturing sectors are key contributors, with respective growth rates of 8.4% and 9.3% [1][2] Investment Trends - Fixed asset investment continues to expand, with a total of 288,229 billion yuan from January to July, marking a 1.6% year-on-year increase [3] - Manufacturing investment grew by 6.2%, with high-tech industries such as aerospace and information services seeing substantial increases [3] Consumer Market - Retail sales showed positive growth, with total retail sales reaching 38,780 billion yuan in July, up 3.7% year-on-year [4] - Online retail sales increased by 9.2%, indicating a strong shift towards e-commerce [4][5] - The consumption upgrade policy, including trade-in programs, has positively impacted sales of upgraded goods [5] Service Sector Growth - The service sector's contribution to economic growth is significant, with a 5.5% year-on-year increase in added value in the first half of 2025 [6] - The service production index rose by 5.8% in July, with information technology services growing at 11.9% [6]

Group 1 - The nominal growth rate of fixed asset investment in China fell to 1.6% in the first seven months, but the actual growth, after excluding price factors, is approximately 4% to 5%, indicating a systematic optimization of the investment structure as the economy transitions from high-speed growth to high-quality development [1] - Investment in the manufacturing sector increased by 6.2% year-on-year, with notable growth in traditional manufacturing upgrades and high-end industries, such as aerospace and computer equipment manufacturing, which saw year-on-year growth rates of 33.9% and 16% respectively [1] - Investment in major sectors is growing rapidly, with equipment and tool purchases increasing by 15.2% year-on-year, accounting for 16.2% of total investment and contributing 2.2 percentage points to overall investment growth [1] Group 2 - Investment in renewable energy sources, including solar, wind, nuclear, and hydropower, increased by 21.9% year-on-year, supporting the green transformation of the economy and reducing reliance on traditional fossil fuels [2] - There is significant potential for investment in infrastructure and industrial upgrades, driven by the urbanization of nearly 300 million agricultural migrants, which creates demand for education, healthcare, and housing [2] - Policy measures are being implemented to stimulate effective investment, including the promotion of a unified national market and the activation of private capital through tools like REITs and industrial funds, which will enhance the investment environment [2]

Economic Overview - July economic data shows marginal weakening, with declines in social retail sales, investment, industrial output, and service production indices compared to June [1][6] - The overall economic performance in the first half of the year was better than expected, with a year-on-year growth of 5.3% [6] Export and Import Data - In July, total goods import and export amounted to 3.91 trillion yuan, a year-on-year increase of 6.7%, with exports at 2.31 trillion yuan, growing 8.0% [2][3] - Despite a decrease in exports to the US due to tariff adjustments, China's overall export performance remains resilient, particularly in non-US markets [2][3] Consumer Spending - Social retail sales in July reached 3.88 trillion yuan, growing only 3.7%, marking the lowest monthly growth this year [2][3] - The slowdown in retail growth is attributed to the temporary suspension of the "trade-in" policy in some regions [3][8] Investment Trends - Fixed asset investment from January to July totaled 28.82 trillion yuan, with a year-on-year growth of 1.6%, reflecting a decline from the previous months [3][4] - Manufacturing investment grew by 6.2%, while infrastructure investment increased by 3.2%, both showing a decrease compared to earlier months [3][4] Policy Implications - The government is expected to enhance macroeconomic policies, including fiscal stimulus and interest rate cuts, to support consumption and stabilize the real estate market [5][6][8] - The introduction of the third batch of 690 billion yuan in "national subsidies" is anticipated to boost retail sales in August [3][8] Sectoral Performance - New industries are experiencing rapid investment growth, with aerospace and computer equipment manufacturing seeing increases of 33.9% and 16% respectively from January to July [4] - The renewable energy sector also shows strong investment growth, with solar, wind, nuclear, and hydropower investments rising by 21.9% [4]

Economic Overview - The national economy showed a stable and progressive development trend in July, with new achievements in high-quality development [1] Industrial Growth - The industrial added value of enterprises above designated size increased by 5.7% year-on-year in July, with the equipment manufacturing sector performing particularly well, growing by 8.4%, which is 2.7 percentage points higher than the overall industrial growth [3] Service Sector Performance - The service production index rose by 5.8% year-on-year in July, driven by increased tourism during the summer [5] Consumer and Investment Trends - Consumption and investment continued to grow, with retail sales of consumer goods increasing by 3.7% year-on-year in July, and retail sales of goods growing by 4%. From January to July, service retail sales increased by 5.2%. Investment in equipment and tools rose by 15.2% during the same period due to the effects of large-scale equipment renewal policies [7] Emerging Growth Drivers - The added value of high-tech manufacturing industries increased by 9.5% year-on-year from January to July, with electronic and communication equipment manufacturing and aerospace equipment manufacturing growing by 12.8% and 8.6%, respectively. The digital economy also saw rapid growth, with the added value of digital product manufacturing increasing by 8.4% in July [9]