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May 19, 2017

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Mainland sees 4.3% fall in FDI in April

FOREIGN direct investment in the Chinese mainland retreated mildly from a year ago in April, data from the Ministry of Commerce showed yesterday.

The FDI fell 4.3 percent from a year earlier to 59.91 billion yuan (US$8.7 billion) in April, in contrast to a 6.7 percent increase in March, said a statement posted on the ministry’s website.

Last month saw 3,343 new foreign-funded enterprises set up on the mainland, up 42.7 percent year on year.

The ministry said the situation was “generally stable.”

Total FDI in the first four months of the year slipped 0.1 percent year on year to 286.41 billion yuan.

Nearly two thirds of investment went to the service sector, which saw its FDI expand 5.5 percent year on year in the first four months.

Investment in the construction sector soared 146.3 percent, followed by a nearly 40 percent rise in transport services and a 6.4 percent increase in the information and consulting industry.

The ministry highlighted rapid FDI growth in the high-tech service industry.

Capital pumped into the manufacturing sector took up around 25 percent of the total FDI.

Investment from Hong Kong, Taiwan and the European Union grew 15.7 percent, 52 percent and 9.3 percent in the January-April period, respectively.


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