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China's FDI inflow rises 1.24%
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Foreign direct investment (FDI) into the Chinese mainland rose 1.24 percent in October from a year ago to US$8.42 billion, an increase for nine consecutive months, data from the Ministry of Commerce showed today.
The rate of growth slowed from the 4.88 percent rise in September.
From January to October, the country's FDI inflow stood at US$97.03 billion, up 5.77 percent from the same period last year.
The ministry data showed FDI from the European Union surged 22.26 percent from a year earlier to US$6.4 billion in the first ten months, while investment from the United States climbed 12.41 percent to US$3.04 billion.
FDI from Japan gained 6.31 percent year on year in the January-October period, while that from 10 other Asian countries and regions was up 7.18 percent.
FDI into the country's service sector gained 13.93 percent year on year to US$49.81 billion in the first ten months. In contrast, the manufacturing sector attracted US$38.29 billion of FDI, down 5.25 percent from a year ago.
In the first ten months, Chinese investment in overseas non-financial sectors increased 20 percent year on year to US$69.5 billion, the ministry said.
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