China Foreign Domestic Investment up 30% in July
BEIJING – The amount of foreign direct investment (FDI) China received in July rose by 29.2 percent year on year to $6.924billion, said Yao Jian, spokesman of the Ministry of Commerce (MOC), Tuesday.
The figure brought the country's FDI inflow to $58.35 billion in the first seven months of the year, an increase of 20.65 percent from a year earlier.
Yao said on a month-on-month basis, FDI inflows had increased by more than 20 percent for two straight months, reflecting the solid recovery in FDI flows into China. The manufacturing sector received 47.94 percent of the July FDI inflow and the services industry got 45.09 percent.
A total of 14,459 foreign-invested companied were approved for establishment in China during the first seven months of the year, up 17.9 percent year on year.
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