FDI rises again in October
November 24, 2014 Category Foreign investment, Weekly
Foreign direct investment (FDI) in China rose for the second straight month in October. Investment in the period rose 1.3% year-on-year to more than USD8.5 billion. The increase followed a 1.9% rise in September, which reversed dips of 14% in August and 16.9% in July. Despite the upturn, foreign investment in the first 10 months fell 1.2% year-on-year to USD95.8 billion, with 19,239 new foreign ventures being established. Investment from the United Kingdom and South Korea rose the fastest in the year through October, with their respective contributions rising by 32.4% and 26.4% year-on-year. In contrast, investment from Japan fell 42.9% in the period, while the United States and the European Union saw their input fall 23.8% and 16.2% respectively. Foreign investment in services in the first 10 months rose 6.6% year-on-year to USD53.1 billion, representing 55.4% of the total. In comparison, investment in manufacturing fell 15.1% to USD32.5 billion, or 33.9%.
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