BEIJING, May 17 (Xinhua) — Foreign direct funding (FDI) within the Chinese mainland, in precise use, expanded 2.2 % 12 months on 12 months to 499.46 billion yuan within the first 4 months of the 12 months, the Ministry of Commerce mentioned Wednesday.
In U.S. dollar phrases, the FDI influx went down 3.3 % 12 months on 12 months to 73.5 billion U.S. {dollars}.
The manufacturing business noticed FDI influx enhance by 4.1 % 12 months on 12 months to 130.05 billion yuan throughout the first 4 months, whereas that of hi-tech industries elevated by 12.8 % throughout the interval, information 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 % 12 months on 12 months, respectively. FDI from Japan and the Republic of Korea climbed 68.1 % and 30.7 %, respectively, 12 months on 12 months.