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  HOME | Business & Economy (Click here for more)

FDI into China Declined 1.1% in April

BEIJING – Foreign direct investment into China stood at 59.24 billion yuan ($9.3 billion) in April, down 1.1 percent with respect to the same month in 2017, the commerce ministry said Thursday.

The figure shows a change in trend after FDI registered a year-on-year growth of 0.4 percent in March.

Between January-April, FDI into China rose to 286.78 billion yuan, a slight increase of 0.1 percent with respect to the same period last year, according to the ministry’s data.

Measured in dollars, the statistics show a different pattern, with a growth of 1.9 percent in investment in April with respect to the same month of 2017 and a year-on-year rise of 2 percent in the cumulative of the first four months of the year.

Between January-April, 19,002 new firms with foreign capital were set up in China, a 95.4 percent increase with respect to the first four months of 2017.

The commerce ministry highlighted the increase in FDI between January-April in the high-tech sector, with an interannual increase of 20.2 percent, along with a boost in investment from South Korea, Japan, Singapore and the United Kingdom, which registered a year-on-year growth of over 50 percent in all cases.

 

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