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March 16, 2018

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Home » Business » Economy

FDI into mainland records slight gain

FOREIGN direct investment into the Chinese mainland rose 0.5 percent year on year in the first two months of 2018, official data showed yesterday.

FDI in January and February reached 139.4 billion yuan (US$22.1 billion), the Ministry of Commerce said in a statement.

During the period, 8,848 foreign-invested enterprises were created, a jump of 129.2 percent year on year.

FDI to the high-tech sector continued to grow, up 27.9 percent annually, accounting for 19.5 percent of the total.

Around 14.5 billion yuan flowed into the high-tech manufacturing industry, up 89.7 percent from a year earlier, with investment in medicine up 129.6 percent and medical equipment manufacturing up 321.8 percent.

FDI into western China frew rapidly, up 76.3 percent, while that in central China rose 35.3 percent.

FDI from Singapore, South Korea and the United States increased 62.9 percent, 171.9 percent and 56.8 percent, respectively.

Meanwhile, investment made by countries along the Belt and Road climbed 75.7 percent year on year.

As the business environment continues to improve, China is set to attract steady foreign investment inflows by opening up and easing market access.

FDI is expected to keep steady in 2018 despite uncertainties in the world economy, the ministry has said.

In 2017, the country’s FDI rose 7.9 percent year on year to 877.6 billion yuan.


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