China reports steady FDI growth in H1

CNC
Added On July 13, 2019

 According to data released by China's Ministry of Commerce (MOC), China has seen steady growth in foreign direct investment (FDI) in the first half of 2019.

 
According to Gao Feng, spokesperson with the Ministry of Commerce (MOC) on Thursday, the actual utilized value of foreign investment in China rose 7.2 percent from a year ago to reach 478.33 billion yuan during the January to June period.
 
In U.S. dollar terms, the amount stood at 70.74 billion U.S. dollars, up 3.5 percent year on year.
 
During the same period, more than 20,100 new foreign-funded enterprises were established.
 
In June alone, total foreign investment actually utilized climbed 8.5 percent year on year to 109.27 billion yuan.
 
The reading amounted to a total of 16.13 billion U.S. dollars, a 3-percent growth compared to the same period last year.
 
According to the MOC, securities and insurance sectors were not included in the monthly data.
 
 Gao said FDI into the high-tech sector saw faster expansion, with the sector's actually utilized FDI rising 44.3 percent year on year and accounting for 28.8 percent of the total FDI.