LINE

Text:AAAPrint
Economy

FDI into China rises 0.5 pct in January-February

1
2018-03-15 16:34Xinhua Editor: Gu Liping ECNS App Download

Foreign direct investment (FDI) into the Chinese mainland rose 0.5 percent year on year to reach 139.4 billion yuan (about 22.1 billion U.S. dollars) in the first two months of 2018, the Ministry of Commerce said Thursday.

FDI in January and February reached 139.4 billion yuan (about 22.1 billion U.S. dollars), the Ministry of Commerce (MOC) said in a statement.

During the period, 8,848 foreign-invested enterprises were established, up 129.2 percent year on year.

FDI to the high-tech sector continued to grow, up 27.9 percent year on year, accounting for 19.5 percent of the total.

Some 14.5 billion yuan flowed into the high-tech manufacturing industry, soaring 89.7 percent from a year earlier, with investment in medicine and medical equipment manufacturing jumping 129.6 percent and 321.8 percent, respectively.

FDI into western China registered rapid growth, up 76.3 percent, while that in central China rose 35.3 percent.

FDI from Singapore, the Republic of Korea and the United States increased 62.9 percent, 171.9 percent and 56.8 percent, respectively.

Meanwhile, investment made by countries along the Belt and Road climbed 75.7 percent year on year.

As the business environment continues to improve, China is set to attract steady foreign investment inflows by opening up and easing market access.

FDI is expected to keep steady in 2018 despite uncertainties in the world economy, the MOC have said.

In 2017, the country's FDI rose 7.9 percent year on year to reach 877.6 billion yuan.

  

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.