China’s FDI growth slows in March

Advanced Search

The story appears on

Page A9

April 14, 2017

GET this page in PDF

Free for subscribers

View shopping cart

China’s FDI growth slows in March

Source: Xinhua | 00:01 UTC+8 April 14, 2017 |

Print Edition

FOREIGN direct investment in the Chinese mainland rose 6.7 percent year on year in March, slowing from February, official data showed yesterday.

FDI reached 87.8 billion yuan (US$12.8 billion) in March, the Ministry of Commerce said in a statement.

The growth rate was lower than the 9.2 percent increase recorded in February.

Total FDI in the first quarter of the year edged up 1 percent year on year to 226.5 billion yuan, the ministry said.

During the same period, 6,383 new foreign-funded enterprises were established on the Chinese mainland, up 7.2 percent year on year.

Most investment went to the service sector, which saw FDI expand 7.1 percent year on year in the first quarter to account for 73 percent of the total FDI.

Investment in utility services soared 165.6 percent year on year, while high-tech services lured 28.7 billion yuan of investment, up 12.4 percent from a year earlier.

Investment from the European Union grew 11.2 percent in the first quarter, the data showed.

Last year, China drew US$126 billion of FDI, the largest recipient among developing countries, data showed.

Finance

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

China’s FDI growth slows in March

Email this to your friend