Cloudy
12°CSun :Rain. High: 12 Low: 9

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

IV_34_1

Sania Mirza may play IPTL singles

November-21-2014
Mumbai: After a completely remunerating year where she won her lady World Tour Finals to add to her US Open blended pairs
happyending

Happy Ending Movie Review

November-21-2014
It is never an especially decent thought to wed a Happy Ending to a rash of remaining details, however the come about
anushka

Kohli affirms relationship with Anushka

November-21-2014
Kohli said it was at that point clear that he and Anushka were seeing someone individuals ought not be interested about them
285653-red-beacon

SP leaders grumble against utilization of red signal by Congress MLA

November-21-2014
A gathering of nearby Samajawadi Party pioneers on Thursday submitted a grievance letter with the police against Congress pioneer and Mathura MLA
jaitley_hnd1

Jaitley Tells Bankers to act Professionally

November-21-2014
NEW DELHI: Finance Minister Arun Jaitley on Thursday met heads of open segment banks to talk about approaches to cut down climbing
Ranjit Sinha_CBI_PTI

2G Scam: Former CBI chiefs take a stand in opposition to Ranjit Sinha

November-21-2014
NEW DELHI: Even as CBI executive Ranjit Sinha asserted on Thursday that he didn’t name any officer as “mole” and that he