Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded by 17.3 per cent year on year (YoY) to 564.2 billion yuan between January and May this year, according to China’s ministry of commerce. In US dollar terms, the inflow went up by 22.6 per cent YoY to $87.77 billion. FDI in high-tech manufacturing rose by 32.9 per cent YoY during the period.
The service industry saw FDI inflows jump by 10.8 per cent YoY to 423.3 billion yuan, while that of high-tech industries surged by 42.7 per cent YoY, data from the ministry shows.
During the period, investment from South Korea, the United States and Germany climbed by 52.8 per cent, 27.1 per cent and 21.4 per cent respectively, an official news agency reported.
In the January-May period, FDI flowing into the country's central region reported a rapid YoY increase of 35.6 per cent, followed by 17.9 per cent in the western region and 16.1 per cent in the eastern region.
Fibre2Fashion News Desk (DS)