22.05.2014, 00:35
China's FDI Inflow Up 3,4% in April
OREANDA-NEWS. May 22, 2014. Foreign direct investment (FDI) into the Chinese mainland went up 3.4 percent year on year to 8.7 billion U.S. dollars in April, the Ministry of Commerce (MOC) said.
This came after a decline in March, when FDI edged down 1.47 percent year on year, the first drop in over a year.
In the first four months of 2014, China drew 40.3 billion U.S. dollars in FDI, an increase of 5.0 percent from a year earlier, said MOC spokesman Shen Danyang.
About 55.8 percent of the FDI went into the service sector, while that to the manufacturing sector dropped 11.4 percent to 14.5 billion U.S. dollars, accounting for 35.9 percent of the total.
In the January-April period, FDI from the Republic of Korea into the Chinese mainland saw the biggest rise, up 138.5 percent year on year. But FDI from Japan decreased 46.8 percent year on year and FDI from the United States went down 11.4 percent year on year.
With an inflow of 32.8 billion U.S. dollars, the affluent east of China continued to grab the lion's share of FDI in the first four months.
However, the country's central and western regions have become increasingly attractive to foreign investors.
FDI inflows into the central region stood at 4.3 billion U.S. dollars in the first four months, up 33.6 percent year on year. The west bagged 3.2 billion U.S. dollars, up 2.7 percent year on year.
China's outbound direct investment by non-financial firms dropped 12.9 percent to 25.69 billion U.S. dollars in the first four months, the ministry said.
In the same period, investment in the United States rose 173.3 percent year on year, that in Russia gained 238.5 percent year on year and that in Japan went up 204.3 percent year on year.
At a press conference, Shen also said that trade ministers from the Asia-Pacific Economic Cooperation (APEC) will meet in the coastal city of Qingdao on Saturday to prepare for November's summit.
During the two-day meeting, trade ministers from 21 APEC economies will discuss regional economic integration, innovative reform and infrastructure.
Trade ministers meetings are in preparation for the "Shaping the Future through Asia-Pacific Partnership" leaders' meeting, to be held in Beijing, 13 years after China hosted the ninth APEC Economic Leaders' Meeting in Shanghai.
This came after a decline in March, when FDI edged down 1.47 percent year on year, the first drop in over a year.
In the first four months of 2014, China drew 40.3 billion U.S. dollars in FDI, an increase of 5.0 percent from a year earlier, said MOC spokesman Shen Danyang.
About 55.8 percent of the FDI went into the service sector, while that to the manufacturing sector dropped 11.4 percent to 14.5 billion U.S. dollars, accounting for 35.9 percent of the total.
In the January-April period, FDI from the Republic of Korea into the Chinese mainland saw the biggest rise, up 138.5 percent year on year. But FDI from Japan decreased 46.8 percent year on year and FDI from the United States went down 11.4 percent year on year.
With an inflow of 32.8 billion U.S. dollars, the affluent east of China continued to grab the lion's share of FDI in the first four months.
However, the country's central and western regions have become increasingly attractive to foreign investors.
FDI inflows into the central region stood at 4.3 billion U.S. dollars in the first four months, up 33.6 percent year on year. The west bagged 3.2 billion U.S. dollars, up 2.7 percent year on year.
China's outbound direct investment by non-financial firms dropped 12.9 percent to 25.69 billion U.S. dollars in the first four months, the ministry said.
In the same period, investment in the United States rose 173.3 percent year on year, that in Russia gained 238.5 percent year on year and that in Japan went up 204.3 percent year on year.
At a press conference, Shen also said that trade ministers from the Asia-Pacific Economic Cooperation (APEC) will meet in the coastal city of Qingdao on Saturday to prepare for November's summit.
During the two-day meeting, trade ministers from 21 APEC economies will discuss regional economic integration, innovative reform and infrastructure.
Trade ministers meetings are in preparation for the "Shaping the Future through Asia-Pacific Partnership" leaders' meeting, to be held in Beijing, 13 years after China hosted the ninth APEC Economic Leaders' Meeting in Shanghai.
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