CHINAUS AFRICAASIA 中文双语Français
Business\Economy

China FDI growth slows in March

Xinhua | Updated: 2017-04-13 17:06

China FDI growth slows in March

BEIJING - Foreign direct investment (FDI) into the Chinese mainland rose 6.7 percent year on year in March, slowing from February, official data showed Thursday.

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

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

Total FDI in the first three months of the year edged up 1 percent year on year to 226.5 billion yuan, the MOC 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 attracted 28.7 billion yuan of investment, up 12.4 percent year on year.

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

Last year, China attracted $126 billion of foreign direct investment, the largest recipient among developing countries, data showed.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US