HomeLatest1st LD-Writethru: China's FDI influx up 2.2 pct in first 4 months

1st LD-Writethru: China's FDI influx up 2.2 pct in first 4 months

BEIJING, May 17 (Xinhua) — Foreign direct funding (FDI) within the Chinese mainland, in precise use, expanded 2.2 % yr on yr to 499.46 billion yuan within the first 4 months of the yr, the Ministry of Commerce stated Wednesday.

In U.S. dollar phrases, the FDI influx went down 3.3 % yr on yr to 73.5 billion U.S. {dollars}.

The manufacturing business noticed FDI influx improve by 4.1 % yr on yr to 130.05 billion yuan throughout the first 4 months, whereas that of hi-tech industries elevated by 12.8 % throughout the interval, knowledge from the ministry confirmed.

Specifically, overseas funding in high-tech manufacturing jumped by 37.1 %, whereas that within the high-tech service sector rose 6 %.

During the January-April interval, funding from France and the United Kingdom surged 567.3 % and 323.7 % yr on yr, respectively. FDI from Japan and the Republic of Korea climbed 68.1 % and 30.7 %, respectively, yr on yr.

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