LINE

Text:AAAPrint
Economy

Inflow of FDI increases 3.9% in Jan-Nov: MOFCOM

1
2016-12-16 10:33Global Times Editor: Li Yan ECNS App Download

Foreign direct investment (FDI) into China increased 3.9 percent year-on-year to 731.8 billion yuan ($113.79 billion) in the first 11 months of 2016, the government said Thursday.

The growth slid 0.3 percentage point from the January-October period, said the Ministry of Commerce (MOFCOM).

The services sector continued to post strong FDI inflow in the first 11 months, with investment at 513.3 billion yuan, up 8 percent year-on-year.

In particular, the high-tech services sector attracted 88.14 billion yuan, up 97.7 percent year-on-year.

In the first 11 months, FDI from the US and the EU surged 55.4 percent and 43.9 percent year-on-year, respectively.

FDI in China's western areas increased 23.7 percent to 53.45 billion yuan, while the more developed eastern regions attracted 637.97 billion yuan in investment, up 6 percent.

The Chinese government has always tried to establish a fair and transparent environment for foreign investors.

The National Development and Reform Commission, the country's top economic planner, removed restrictions on foreign investment into various sectors including tourism and entertainment, automobile electronics development and new energy vehicles in December.

China's outbound non-financial direct investment was up 55.3 percent year-on-year in the first 11 months.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.