Fair
-2°CSat :Clear. High: 4 Low: -6

China’s FDI inflows surges to $9.41 billion in July

China's Outbound Direct Investment, FDI in China

Beijing: Foreign Direct Investment to China surged to USD 9.41 billion in July registering 24.13 percent year on year increase, as the country continues to have robust growth in investment from abroad despite economic slowdown.

At the same China’s Outbound Direct Investment (ODI) crossed USD 50 billion mark in the first six months registering a 20 per cent increase.

China attracted USD 9.41 billion in FDI in July which amounted to USD 71.39 billion in the first seven months up 7.09 percent from the same period last year, the Commerce Ministry said here today.

The data does not cover incoming investments in banking, securities and insurance sectors.

The service sector saw a steady increase of FDI inflows in the first seven months, up 15.78 percent year on year and accounting for 49.93 percent of the total FDI inflow during the period, state-run Xinhua reported.

FDI in China’s manufacturing sector dropped 2.42 percent, taking a 41.18 percent share of the inflow, the ministry said.

Investment from the US rose 11.44 percent to USD 2.18 billion during the January-July period, while investment from the European Union grew 16.72 percent to US 4.64 billion.

Meanwhile, Chinese investment in overseas non-financial sectors rose 20 percent year on year to USD 50.6 billion in the first seven months, the ministry said.

Friday’s data came after a string of other economic indicators, from factory output and retail sales to foreign trade, showed the world’s second-largest economy may be gradually stabilizing after a protracted slowdown.

Among the latest evidence, HSBC’s preliminary reading for China’s manufacturing sector showed the Purchasing Managers Index (PMI) rose to 50.1 in August, the highest level in four months.

 

Top Stories

x26-1427364866-vikasswarup.jpg.pagespeed.ic.yW5f92qABg

Vikas Swarup, the Oscar winning ‘Slumdog Millionaire’ author selected as the new MEA representative

March-27-2015
Noted writer Vikas Swarup, who made his presentation with the success novel “Q&A” (on which Slumdog Millionaire was based) is the new
24244827

Now shop on Flipkart, Snapdeal on zero investment EMIs

March-27-2015
India’s eCommerce space is buzzing with new dispatches and key declarations in the most recent two days. On Tuesday, we heard how
KTM-Duke-200

Bajaj Pulsar RS200 Vs Hero Karizma ZMR and KTM Duke 200

March-27-2015
The most recent portion in Bajaj Auto’s tremendously anticipated arrangement Pulsar – RS200 – has been dispatched at Rs. 1.1 lakh (non-ABS
322166-arvind-kejriwal-prashant-bhushan-yogendra-yadav-sketch

AAP Crisis : Kumar Vishwas asks Bhushan and Yadav to quit nimbly

March-27-2015
Aam Aadmi Party (AAP) leader Kumar Vishwas on Friday approached senior gathering pioneers Prashant Bhushan and Yogendra Yadav to leave the gathering
A portrait of the Facebook logo in Ventura

Facebook talks up requirement for virtual reality, huge tech wagers

March-27-2015
Virtual reality, counterfeit consciousness and automatons will empower Facebook Inc to make a more similar and helpful informal community, the organization said
Jadeja-Dhoni-1-AFP1

India had a dazzling World Cup: If Times Now can’t see that, they don’t know cricket

March-27-2015
India might never again be one-day title holders yet MS Dhoni and his happy men in blue have issued us numerous motivations