Slower foreign investment inflows reported
May 22, 2017 Category Foreign investment, Weekly
Foreign direct investment (FDI) in China retreated 4.3% from a year ago in April to CNY59.91 billion, in contrast to a 6.7% increase in March. Last month, 3,343 new foreign-funded enterprises were set up, up 42.7% year-on-year. Total FDI in the first four months of the year slipped 0.1% year-on-year to CNY286.41billion. Nearly two thirds of investment went to the service sector, where FDI increased 5.5% year-on-year in the first four months. Investment in the construction sector soared 146.3%, followed by a nearly 40% rise in transport services. Investment from the European Union grew 9.3% in the first four months.
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