Saturday, July 26, 2014   

China's FDI inflows bounce in June
(07-15 17:46)

Foreign direct investment (FDI) into the Chinese mainland reversed the decline seen in May, edging up 0.2 percent year on year to US$14.42 billion, the Ministry of Commerce (MOC) said on Tuesday.
In the first six months of 2014, FDI, which excludes investment in the financial sector, stood at US$63.33 billion, up 2.2 percent from the same period last year, the ministry said.
In the January-June period, FDI into the service sector climbed 14.8 percent year on year to US$35.2 billion, accounting for 56 percent of the total FDI. FDI into the manufacturing sector dropped 13.9 percent to US$22.8 billion, or 36 percent of the total.
Investment from the Republic of Korea and the United Kingdom remained robust in the first six months, up 45.6 percent and 76.4 percent year on year respectively. But FDI from Japan slumped 48.8 percent year on year. FDI from the United States went down 4.6 percent year on year.
MOC spokesman Shen Danyang identified the decline in investment as "short-term volatility", saying that these fluctuations are normal and that the cross-border investment situation shall be based on observations in the medium to long run. --Xinhua   
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