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April FDI inflow up 3.4 %
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FOREIGN direct investment (FDI) into the Chinese mainland went up 3.4 percent year on year to 8.7 billion U.S. dollars in April, the Ministry of Commerce (MOC) said on Friday.
This came after a decline in March, when FDI edged down 1.47 percent year on year, the first drop in over a year.
In the first four months, China drew 40.3 billion U.S. dollars in FDI, an increase of 5.0 percent from a year earlier, the MOC said.
About 55.8 percent of the FDI went into the service sector, and that to the manufacturing sector dropped 11.4 percent to 14.5 billion U.S. dollars, accounting for 35.9 percent of the total.
In the January-April period, FDI from the Republic of Korea into the Chinese mainland saw the most rise, up 138.5 percent year on year. But FDI from Japan decreased 46.8 percent year on year and FDI from the United States went down 11.4 percent year on year.
China's outbound direct investment by non-financial firms dropped 12.9 percent to 25.69 billion U.S. dollars in the first four months, the ministry said.
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