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China FDI inflows jump 22.2% in November
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FOREIGN direct investment (FDI) into the Chinese mainland jumped 22.2 percent in November from a year earlier, settling at US$10.36 billion, the Ministry of Commerce said on Tuesday.
The growth quickened from a 1.3-percent rise in October and 1.9 percent in September, as investments to the country's service industry continue rising steadily.
For the first 11 months, the FDI, which excludes investment in the financial sector, stood at US$106.24 billion, up 0.7 percent from the same period last year, the ministry said.
Around 55.1 percent of the FDI went into the country's service sector during the Jan.-Nov. period. FDI into the manufacturing sector moved down 13.3 percent to US$35.93 billion, accounting for 33.8 percent of the total.
Investments from the Republic of Korea and Britain saw fast growth, up 22.9 percent and 28 percent respectively. In contrast, investment from Japan plunged 39.7 percent, followed by a 23.6-percent drop from the ASEAN nations and 22.2-percent slump from the United States.
Tuesday's data also showed China's outbound direct investment by non-financial firms moved down 26.1 percent to US$7.92 billion in November.
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