China CNY

China FDI (YTD) YoY

Info

History

Chart

Impact:

Medium

Source: Ministry of Commerce of the People's Republic of China

Latest Release:

Date:

Actual:

-10%

Forecast: -10%

Previous/Revision:

-9.4%

Period: Nov

What Does It Measure?

The Foreign Direct Investment (FDI) in China measures the total capital inflow invested by foreign entities into Chinese enterprises, explicitly assessing how attractive China is for foreign capital based on year-to-date (YTD) comparisons. It primarily focuses on investment levels which can indicate business confidence, economic stability, and potential growth areas, with key indicators including total investment amount, project numbers, and country of origin of the investments.

Frequency

The FDI (YTD) YoY data is typically released on a monthly basis, providing preliminary estimates that reflect the accumulated investment inflows up to the current month, with a release timeline generally within the first ten days of each succeeding month.

Why Do Traders Care?

Traders closely monitor China's FDI figures as they provide insights into economic health and the investment climate, influencing perceptions of the yuan's strength, equity markets, and the overall attractiveness of China as a destination for investments. Strong FDI readings can boost investor confidence, leading to bullish market conditions, while negative trends may signal economic challenges, affecting financial asset valuations.

What Is It Derived From?

FDI data is derived from surveys conducted by government authorities, collecting information from foreign companies about their investment activities in China. This involves assessing both the amount of capital invested and the types of projects, with data typically represented through a combination of national statistics and investment inflow reports.

Description

The data presents year-on-year changes in foreign investment, highlighting structural shifts in the investment landscape of China and accounting for seasonal variations. Year-on-year (YoY) comparisons are preferred as they illustrate long-term trends and changes in investor sentiment while minimizing the effects of short-term fluctuations.

Additional Notes

This indicator serves as a leading economic measure, reflecting future economic activity and investment potential as it correlates with broader trends in international trade and capital flows. FDI trends in China are particularly significant due to their implications for global supply chains and economic relations, influencing foreign policy considerations and investment strategies across different regions.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for CNY, Bullish for Stocks. Lower than expected: Bearish for CNY, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Dec 21, 2023	-10%	-10%	-9.4%
Nov 17, 2023	-9.4%	-9.7%	-8.4%	0.3%
Oct 20, 2023	-8.4%	-6.8%	-5.1%	-1.6%
Sep 15, 2023	-5.1%	-6%	-4%	0.9%
Aug 18, 2023	-4%	-5%	-2.7%	1%
Jul 19, 2023	-2.7%	0.1%	0.1%	-2.8%
Jun 15, 2023	0.1%	2%	2.2%	-1.9%
May 17, 2023	2.2%	4%	4.9%	-1.8%
Apr 20, 2023	4.9%	7.8%	6.1%	-2.9%
Mar 17, 2023	6.1%	18%	14.5%	-11.9%
Feb 20, 2023	14.5%	5%	6.3%	9.5%
Jan 18, 2023	6.3%	6.1%	9.9%	0.2%
Dec 23, 2022	9.9%	12%	14.4%	-2.1%
Nov 17, 2022	14.4%	10%	15.6%	4.4%
Oct 27, 2022	15.6%	15%	16.4%	0.6%
Sep 19, 2022	16.4%	17%	17.3%	-0.6%
Aug 18, 2022	17.3%	16.8%	17.4%	0.5%
Jul 29, 2022	17.4%	15%	17.3%	2.4%
Jun 14, 2022	17.3%	17%	20.5%	0.3%
May 12, 2022	20.5%	18%	25.6%	2.5%
Apr 14, 2022	25.6%	36%	37.9%	-10.4%
Mar 14, 2022	37.9%	10%	11.6%	27.9%
Feb 15, 2022	11.6%	9%	14.9%	2.6%
Jan 13, 2022	14.9%		15.9%
Dec 16, 2021	15.9%	16%	17.8%	-0.1%
Nov 15, 2021	17.8%	20%	19.6%	-2.2%
Oct 20, 2021	19.6%		22.3%
Sep 16, 2021	22.3%	23%	25.5%	-0.7%
Aug 13, 2021	25.5%	25%	28.7%	0.5%
Jul 14, 2021	28.7%	32%	35.4%	-3.3%
Jun 14, 2021	35.4%	34%	38.6%	1.4%
May 13, 2021	38.6%	45%	39.9%	-6.4%
Apr 15, 2021	39.9%		31.5%
Mar 12, 2021	31.5%	4.2%	4.6%	27.3%
Feb 10, 2021	4.6%	4%	6.2%	0.6%
Jan 20, 2021	6.2%	6%	6.3%	0.2%
Dec 15, 2020	6.3%	7.6%	6.4%	-1.3%
Nov 16, 2020	6.4%	2.5%	5.2%	3.9%
Oct 16, 2020	5.2%	3.7%	2.6%	1.5%
Sep 11, 2020	2.6%	1.2%	0.5%	1.4%
Aug 13, 2020	0.5%	-0.4%	-1.3%	0.9%
Jul 16, 2020	-1.3%	-3.1%	-3.8%	1.8%
Jun 18, 2020	-3.8%	-2%	-6.1%	-1.8%
May 15, 2020	-6.1%	-12%	-10.8%	5.9%
Apr 15, 2020	-10.8%	-18%	-8.6%	7.2%
Mar 13, 2020	-8.6%	3%	4%	-11.6%
Feb 17, 2020	4%	5.1%	5.8%	-1.1%
Jan 21, 2020	5.8%	5.7%	6%	0.1%
Dec 13, 2019	6%	6%	6.6%
Nov 18, 2019	6.6%	6%	6.5%	0.6%
Oct 17, 2019	6.5%	6.7%	6.9%	-0.2%
Sep 12, 2019	6.9%	6.5%	7.3%	0.4%
Aug 14, 2019	7.3%	7.5%	7.2%	-0.2%
Jul 11, 2019	7.2%	7%	6.8%	0.2%
Jun 13, 2019	6.8%	5.9%	6.4%	0.9%
May 15, 2019	6.2%		6.5%
Apr 18, 2019	6.5%		5.5%
Mar 15, 2019	5.5%		4.8%
Feb 14, 2019	4.8%		0.9%
Jan 14, 2019	0.9%		-1.3%
Dec 13, 2018	-1.3%		3.3%
Nov 15, 2018	3.3%		2.9%
Oct 18, 2018	2.9%		2.3%
Sep 13, 2018	2.3%		2.3%
Aug 16, 2018	2.3%		1.1%
Jul 12, 2018	1.1%		1.3%
Jun 14, 2018	1.3%		0.1%
May 17, 2018	0.1%		0.5%
Apr 12, 2018	0.5%		0.5%
Mar 15, 2018	0.5%		0.3%
Feb 14, 2018	0.3%		7.9%
Jan 16, 2018	7.9%		9.8%
Dec 14, 2017	9.8%		1.9%
Nov 14, 2017	1.9%		1.6%
Oct 13, 2017	1.6%		-0.2%
Sep 14, 2017	-0.2%		-1.2%
Aug 15, 2017	-1.2%		-0.1%
Jul 13, 2017	-0.1%		-0.7%
Jun 15, 2017	-0.7%		-0.1%
May 18, 2017	-0.1%		1%
Apr 13, 2017	1%		-2.3%
Mar 16, 2017	-2.3%		-9.2%
Feb 16, 2017	-9.2%		4.1%
Jan 13, 2017	4.1%		3.9%
Dec 15, 2016	3.9%		4.2%
Nov 16, 2016	4.2%		4.2%
Oct 13, 2016	4.2%		4.5%
Aug 12, 2016	4.3%		5.1%
Jul 12, 2016	5.1%		3.8%
Jun 13, 2016	3.8%		4.8%
May 10, 2016	4.8%		4.5%
Apr 12, 2016	4.5%		2.7%
Mar 11, 2016	2.7%		3.2%
Feb 15, 2016	3.2%		6.4%
Jan 14, 2016	6.4%		7.9%
Dec 11, 2015	7.9%		8.6%
Nov 11, 2015	8.6%		8.6%
Oct 16, 2015	8.6%		9.2%
Aug 13, 2015	7.6%		8.3%
Jul 17, 2015	8%		10.1%
Jun 11, 2015	10.1%		11.1%
May 13, 2015	11.1%		11.3%