Mainland sees FDI rise 11.1% in 1st 4 months
Print Edition
FOREIGN direct investment on the Chinese mainland jumped 11.1 percent year on year to 273.61 billion yuan (US$44.49 billion) in the first four months of 2015, the Ministry of Commerce said yesterday.
The pace slowed from the 11.3 percent gain in the January-March period but far exceeded the annual growth rate of 1.7 percent in 2014.
China approved 7,790 new foreign-funded companies in the first four months, up 17 percent year on year.
The service industry FDI totaled US$28.14 billion in the period, up 24.8 percent year on year. This accounted for 63.2 percent of all FDI during the period.
Some high-end manufacturing businesses saw fast investment growth. Investment climbed 9.9 percent year on year in communication equipment, computer and other electric facility manufacturing in the first four months. Investment rose 2.4 percent annually in traffic equipment manufacturing in the period.
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