Fair
-7°CFri :Mostly Sunny. High: -2 Low: -12

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

apple_iPhone_6_triple

Apple expands iPhone costs in India

March-05-2015
NEW DELHI: About a week post the union plan, Apple has expanded costs of all its cell phones in India by up
630_11

Home Ministry Sends Nirbhaya Documentary Ban Order to BBC

March-05-2015
New Delhi: The Home Ministry, sources said, has sent a duplicate of the court request disallowing the broadcast of the narrative “India’s
pmmodi-ss-20-02-15

Modi hammers resistance for blocking section of Land Bill in RS

March-05-2015
Affirming that the area bill is not hostile to rancher, Prime Minister Narendra Modi today scrutinized the restriction for making obstacles in
IN03_RAJNATH_1981452f

Strict Action against those exasperating collective amicability, says Rajnath Singh

March-04-2015
Strict move will be made against the individuals who aggravate collective amicability, government declared in Rajya Sabha on Wednesday while expressing that
1425454837antibiotics

India lessens costs of 509 crucial medications

March-04-2015
New Delhi: National Pharmaceutical Pricing Authority (NPPA) has settled the max cost of 509 vital medications, which prompted a drop in costs
Yogendra-Ashish-Arvind--PTI

Kejriwal Vs Yogendra Yadav: Know ‘actual reasons’ the reason knives are out in AAP’s session of thrones

March-04-2015
knives are out in Arvind Kejriwal drove Aaam Aadmi Party which as of late came to power in Delhi in the wake