China FDI expands 6.4 pct in January-April

CNC
Added On May 18, 2019

The Ministry of Commerce (MOC) has announced that during the January-April period, foreign direct investment (FDI) into the Chinese mainland expanded 6.4 percent year on year, to reached 305.24 billion yuan.
 
China's Ministry of Commerce said Thursday that in U.S. dollar terms, during the January-April period, FDI inflow grew 3.5 percent year on year to 45.14 billion dollars.
 
FDI in April alone reached 62.95 billion yuan, up 6.3 percent year on year.
 
Investment in high-tech industries rose 43.1 percent year on year and accounted for 28.1 percent of the total FDI, with the high-tech service sector attracting 52.48 billion yuan in overseas investment, up 73.4 percent.
 
China's pilot free trade zones saw FDI inflow up 11.8 percent, accounting for 11.9 percent of the total FDI.
 
MOC data showed that FDI from the Republic of Korea and Germany both more than doubled from one year earlier.