China adds 1.5 major foreign-funded projects per day in first four months: official

(ECNS) -- China saw an average of 1.5 major foreign-funded projects launched each day in the first four months of this year, the Ministry of Commerce (MOC) said Thursday.

From January to April, 185 major projects were launched in China, each with a foreign investment of more than 100 million dollars, said MOC spokesperson Shu Jueting.

China's foreign direct investment (FDI) inflow in actual use expanded 20.5 percent year on year, on the high base of 38.6-percent growth in the same period last year, the spokesperson said.

China’s high-tech industry played an important role in attracting foreign investment, said Shu.

FDI in China's high-tech industry recorded a year-on-year increase of 45.6 percent during the first four months, a 25.1 percentage point increase from the average growth in all sectors, Shu added.

FDI flowing into the information service industry, the R&D and design service industry, and the electronic and communication equipment manufacturing industry grew by 69.7 percent, 60.4 percent and 45.3 percent respectively.