Statistics

China's FDI up nearly 30% in July

(Xinhua)
Updated: 2010-08-17 10:45

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.

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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.

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 companies were approved for establishment in China during the first seven months of the year, up 17.9 percent year on year.

On the other hand, during the first seven months of the year, Chinese entities invested $26.75 billion in overseas markets, excluding financial investment, bringing total outbound investment by the end of July to $226.5 billion, the MOC data showed without giving year-on-year comparisons.

China's Hong Kong, the Cayman Islands, Sweden, Canada, Australia, the United States and Brazil were the main overseas destinations of Chinese FDI. Some 22.8 percent of FDI outflows, or $6.1 billion, were for the acquisition of overseas companies.