Asia > Eastern Asia > China > china Mainland sees 4.3% fall in FDI in April

China: china Mainland sees 4.3% fall in FDI in April

2017/06/20

FOREIGN direct investment in the Chinese mainland retreated mildly from a year ago in April, data from the Ministry of Commerce showed yesterday.

The FDI fell 4.3 % from a year before to 59.91 billion yuan (US$8.7 billion) in April, in contrast to a 6.7 % increase in March, said a statement posted on the ministry’s website.

Last month saw 3,343 new foreign-funded enterprises set up on the mainland, up 42.7 % year on year.

The ministry said the situation was “generally stable.”

Total FDI in the initial four months of the year slipped 0.1 % year on year to 286.41 billion yuan.

Nearly two thirds of investment went to the service sector, which saw its FDI expand 5.5 % year on year in the initial four months.

Investment in the construction sector soared 146.3 %, followed by a nearly 40 % rise in transport services and a 6.4 % increase in the data and consulting industry.

The ministry highlighted rapid FDI increase in the high-tech service industry.

Capital pumped into the manufacturing sector took up around 25 % of the total FDI.

Investment from Hong Kong, Taiwan and the European Union grew 15.7 %, 52 % and 9.3 % in the January-April period, respectively.

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