China’s foreign direct investment increased by 17.4 percent in the first half of this year compared to last year.
According to a foreign media report, actual inflows of foreign direct investment (FDI) into the Chinese mainland increased by 17.4 percent year-on-year to 723.31 billion yuan in the first half of the year.
In US dollar terms, inflows increased by 21.8 percent to $112.35 billion compared to a year ago. Foreign direct investment in the western region of the country increased by 43.9 percent in the January-June period, followed by 25 percent in the central region, and 15.6 percent in the eastern region.
Foreign direct investment in high-tech industries recorded a rapid growth of 33.6 percent in the first six months, the Chinese Ministry of Commerce said on Friday. In particular, foreign investment in high-tech manufacturing increased by 31.1 percent, while the high-tech service sector increased by 34.4 percent.
The service industry received 537.13 billion yuan of foreign investment in the period, up 9.2 percent from last year. The investment of Republic of Korea, USA and Germany has increased by 37.2%, 26.1% and 13.9% respectively.
