Foreign investment rises 24% in July
August 26, 2013 Category Foreign investment, Weekly
China’s inbound foreign investment (FDI) rose at the quickest pace in 28 months in July, surging 24.1% year-on-year to USD9.41 billion last month, after rising 20.1% in June, the Ministry of Commerce (MOFCOM) said. China’s non-financial outbound direct investment (ODI) gained 20% to USD50.6 billion in the January-July period. FDI inflow into the manufacturing sector in the first seven months fell 2.4%, while that in the service sector gained 15.8%. Property accounts for 41% of the service sector FDI, while the latter makes up half of the total FDI. FDI from the United States rose 11% in the first seven months while that from the euro zone gained 16.7%, led by a 58.3% jump from Germany.
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