China’s FDI inflow up 17.8% in first 10 months

China’s FDI inflow up 17.8% in first 10 months

China’s FDI inflow up 17.8% in first 10 months
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BEIJING: Foreign direct investment (FDI) into the Chinese mainland, in actual use, rose 17.8 per cent on a year-on-year basis to 943.15 billion yuan, or $142.01 billion, in the first 10 months of the fiscal year, the Ministry of Commerce said on Monday.

During the January-October period, FDI into the service sector increased 20.3 per cent year-on-year, while high-tech industries saw FDI inflow jump 23.7 per cent, data from the ministry showed.

Foreign investments from countries along the Belt and Road as well as the Association of Southeast Asian Nations into the Chinese mainland jumped 30.7 per cent and 29.5 per cent, respectively.

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