China’s Foreign Direct Investment +7.1% In September
Foreign direct investment (FDI) into the Chinese Mainland rose 7.1% Y-Y to CNY 59.5-B (US$9.56-B) in September, the Ministry of Commerce (MOC) said Monday.
The growth slowed markedly from a 22% rise in August but was faster than the 5.2% increase in July.
The FDI grew steadily as high-tech industries kept drawing foreign investors, said the MOC.
In the 1st 9 months, FDI, which excludes investment in the financial sector, expanded 9% from a year earlier to US$94.9-B.
Among all sectors, high-tech services continued to shine, attracting US$6.16-B of foreign investment in the 1st 9 months, a 57.6% surge year on year.
High-tech manufacturing saw investment inflow accelerate to a 10.4% growth during the period, reaching US$7-B.
FDI in the service sector in general rose 19.2% to US$58-B, while that in manufacturing edged up 0.7% to US$29.8-B, according to the MOC.
More foreign firms invested in China through mergers and acquisitions, which accounted for 16.1% of the total FDI in the January -September frame, up from 5.8% in the same period of last year.
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HeffX-LTN
Paul Ebeling
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