A report jointly released by the WSJ and US research firm Rhodium Group in 2021 showed that US venture capital firms, chip-industry giants and other private investors participated in 58 deals in China's semiconductor industry from 2017 through 2020, more than double the number from the prior four years.
The semiconductor industry is a representative sector of Washington's vicious crackdown on China's high-tech development. Yet, China has remained the largest chip market for years and Chinese producers are gaining market share all over the world, in spite of repeated assaults from the US.
Moreover, China has remained one of the top choices for foreign direct investment (FDI) in recent years. FDI in the Chinese mainland, in actual use, expanded 6.3 percent year-on-year to 1.23 trillion yuan ($178 billion) in 2022, according to data from the Ministry of Commerce (MOFCOM).