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China FDI inflow rises 1.9% in Nov.
December 11, 2015, 12:00 pm

Investment from the Asian bloc, ASEAN, European Union, Hong Kong, and Macao continued to grow fast, while that from Japan, the United States and Taiwan dropped significantly [Xinhua]

Investment from the Asian bloc, ASEAN, European Union, Hong Kong, and Macao continued to grow fast, while that from Japan, the United States and Taiwan dropped significantly [Xinhua]

Foreign direct investment (FDI) into the Chinese mainland rose 1.9 per cent year on year to 64.9 billion yuan ($10.4 billion) in November, the Ministry of Commerce said Friday.

The growth slowed from a 4.2-per cent rise in October.

For the first 11 months, FDI, which excludes investment in the financial sector, stood at 704.3 billion yuan, up 7.9 per cent from the same period last year.

Foreign investment in the service industry rose 18.8 per cent, with the high-tech service sector seeing a jump of 51.7 per cent to $7.23 billion.

High-tech manufacturing attracted $8.54 billion of foreign investment during the January-November period, up 11.7 per cent and accounting for 23.8 per cent of total foreign investment in manufacturing.

Investment from the regional bloc, ASEAN, the European Union, Hong Kong, and Macao continued to grow fast, while that from Japan, the United States and Taiwan dropped significantly.

The ministry also noted that more foreign firms invested in China through mergers and acquisitions, which accounted for 14.7 per cent of the total FDI in January-October, up from 5.6 per cent in the same period last year.

 

Source: Agencies