17 February 2020

China Jan-Feb FDI inflow up 10.44% on year, paper says

Foreign direct investment (FDI) in China in the first two months of this year was up 10.44 percent from a year earlier at US$19.31 billion, China Daily cited the Ministry of Commerce as saying Tuesday. The growth rate, however, marked a slowdown from the 16.11 percent year-on-year expansion seen in January. Overseas investors set up 2,764 new enterprises in the mainland in January and February, down 5.18 percent compared to the same period last year, ministry spokesman Shen Danyang was quoted as saying at a press conference. FDI in the country’s service sector was up 25.54 percent in the first two months at US$10.61 billion, while the manufacturing sector saw its FDI inflows fall 6.06 percent to US$7.02 billion, the report said.

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