Chinese mainland FDI down in April

Updated 2017-05-19 10:30:27 Xinhua

Foreign direct investment (FDI) into the Chinese mainland retreated mildly from a year ago in April, data from the Ministry of Commerce (MOC) said on Thursday.

The FDI was 4.3 percent lower than the same period in 2016 at 59.91 billion yuan (8.73 billion U.S. dollars), in contrast with a 6.7-percent increase in March, according to a statement posted on the MOC's website.

During the period, 3,343 new foreign-funded enterprises were established on the mainland, up 42.7 percent year on year.

The MOC said the situation has remained "generally stable." Total FDI in the first four months of the year edged down 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 MOC highlighted rapid FDI growth in the high-tech service industry, citing services in environmental monitoring and improvements.

Capital pumped into the manufacturing sector accounted for 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.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 20 2017 20:18:03

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 20 2017 20:18:03

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 20 2017 20:18:03

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords