FDI rises for second straight month

By Wang Yanlin | November 18, 2014, Tuesday |

Online Edition

CHINA'S foreign direct investment expanded for a second consecutive month in October, indicating sustained investor confidence in the world's second-largest economy, the Ministry of Commerce said today.

Foreign investors channeled US$8.53 billion into the country in the month, up 1.3 percent from the same period last year. The growth compared with a 1.9 percent increase in September, which reversed drops of 14 percent in August and 16.9 percent in July.

Despite the upturn, foreign investment in the first 10 months fell 1.2 percent year on year to US$95.8 billion. From January to October, 19,239 new foreign ventures were established on the Chinese mainland.

Investment from South Korea and the United Kingdom rose the fastest in the year through October, with their respective contributions rising 26.4 percent and 32.4 percent year on year. In contrast, Japan reduced investment by 42.9 percent, while the United States and the European Union also saw their input fall 23.8 percent and 16.2 percent respectively.

Reflecting China's efforts to restructure the economy, foreign investment in services rose 6.6 percent year on year to US$53.1 billion, representing 55.4 percent of the total. In comparison, investment in manufacturing fell 15.1 percent to US$32.5 billion.

Meanwhile, China's outbound direct investment in the first 10 months increased 17.8 percent year on year to US$81.8 billion, the ministry said.

Economy

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FDI rises for second straight month

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