June FDI rises 2.3%, ending recent decline

Updated 2017-07-14 09:22:53 Shanghai Daily

China attracted 100.45 billion yuan (.81 billion) in foreign direct investment in June, posting 2.3 percent annual growth to end a two-month decline, the Commerce Ministry said yesterday.

The turnaround was bolstered by the country's efforts to improve its industrial sector and followed a 3.7 percent fall in May and a 4.3 percent drop in April, year on year.

In the first half, FDI inflow stood at 441.54 billion yuan, down 0.1 percent year on year.

The economy has been stable amid constant growth over the first half this year, attracting overseas funds and shored up by the recovery of the "real economy" — particularly advanced manufacturing and high-tech industries, said ministry spokesman Gao Feng.

The manufacturing sector attracted 128.6 billion yuan of foreign investment in the first half, up 3 percent year on year and accounting for 29.1 percent of total FDI.

Advanced industries covering information technology, research and design services led the growth by attracting 64.72 billion yuan, 20.4 percent higher from a year ago, followed by high-tech manufacturing such as computer making, aviation and pharmaceuticals which absorbed 34.97 billion yuan, 11.1 percent higher compared with the same month last year.

Foreign investment in the service sector reached 309.99 billion yuan, accounting for 70.2 percent of the total.

A total 2,894 foreign-funded enterprises settled in China last month.

That was 14.3 percent higher than a year ago.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58September 27 2017 02:05:59

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 12:16September 27 2017 02:05:59

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18September 27 2017 02:05:59

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