China’s inbound FDI rose 15.6% on year in Jan – Sept, outbound FDI grew 8.5% – commerce ministry
DATA MACRO
China’s inbound FDI rose 15.6% on year in Jan – Sept, outbound FDI grew 8.5% – commerce ministry
DATA MACRO

China’s inbound FDI rose 15.6% on year in Jan – Sept, outbound FDI grew 8.5% – commerce ministry

 

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

 

 

China’s inbound foreign direct investment (FDI), in actual use, reached 1 trillion yuan in the first nine months of the year, rising by 15.6% from the same period last year, said China’s Ministry of Commerce.

That’s equivalent to $155.3 billion, an increase of 18.9% from a year earlier, it said.

By sector, inbound FDI in the services sector reached 741.4 billion yuan during the period, rising by 6.7% from a year earlier, showed the data.

Inbound FDI in high-tech industries surged by 32.3% year over year, with that in high-tech manufacturing industries jumping 48.6% and that in high-tech services industries rising by 27.9%, said the ministry.

China’s outbound non-financial direct foreign investment (FDI) reached 567.2 billion yuan in the first nine months of the year, rising 8.5% from a year earlier, and that’s equivalent to $85.85 billion, a rise of 6.3% from a year ago, according to the ministry.

China’s outbound FDI into manufacturing, wholesale/ retail and construction industries has been rising, it said.

The country’s non-financial FDI to “Belt Road” countries reached $15.65 billion during the period, a rise of 5.2% from a year earlier, accounting for 18.2% of the total, said the ministry.