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FDI into China rises by 4.88% in September
October 17, 2013, 5:55 am

FDI from Asian investors were responsible for the bulk of the FDI, with the top 10 Asian nations accounting for 86 per cent of total investment in the first nine months [Getty Images]

FDI from Asian investors were responsible for the bulk of the FDI, with the top 10 Asian nations accounting for 86 per cent of total investment in the first nine months [Getty Images]

Foreign direct investment (FDI) inflows into China in September climbed 4.88 per cent from a year ago, the Ministry of Commerce said on Thursday.

China drew $8.84 billion in foreign direct investment in September, the ministry said, while in the first nine months, FDI totalled $88.6 billion, up 6.22 per cent from the same period of 2012.

FDI in the service sector rose 13.3 per cent between January and September to $44.7 billion from the same period a year ago, accounting for 50.5 per cent of total FDI.

FDI from Asian investors were responsible for the bulk of the FDI, with the top 10 Asian nations accounting for 86 per cent of total investment in the first nine months.

US and European investors accounted for 3.3 per cent and 6.7 per cent of Chinese FDI respectively.

Last year, FDI flows in the mainland amounted to $121 billion.

The Chinese government has set a 7.5 per cent expansion goal for this year.

Chinese Premier Li Keqiang said last week in Brunei that China is on track to achieve its target as GDP grew more than 7.5 per cent in the first nine months of 2013.

Source: Agencies

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