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China's FDI returns to growth in August

FOREIGN direct investment (FDI) into the Chinese mainland rose 5.7 percent year on year in August, compared with a 1.6-percent drop in July, official data showed Tuesday.

FDI hit 57.32 billion yuan (US$8.76 billion) last month, according to figures from the Ministry of Commerce (MOC).

The rebound came as a slew of data released Tuesday showed China's economic activity was in better shape last month despite lingering downward pressure.

Fixed-asset investment, industrial output and retail sales all accelerated in August, according to the National Bureau of Statistics.

The MOC said FDI in the first eight months of 2016 increased 4.5 percent year on year to 85.88 billion U.S. dollars, up from 4.3 percent in the first seven months.


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