China's FDI inflow up 17.3 pct in first seven months

Foreign direct investment (FDI) in the Chinese mainland, in actual use, expanded 17.3% year on year to ¥798.33 bln in the first seven months of the year, the Ministry of Commerce said. This was reported by The Xinhua News Agency.

In U.S. dollar terms, the inflow went up 21.5% year on year to $123.92 bln.

The service industry saw FDI inflows jump by 10% year on year to ¥598.92 bln, while that of high-tech industries surged by 32.1% from a year earlier, data from the ministry showed.

Specifically, FDI in high-tech manufacturing rose 33% from the same period a year ago, while that in the high-tech service sector surged 31.8% year on year, the data showed.

During this period, investment from the Republic of Korea, the United States, Japan and Germany climbed by 44.5%, 36.3%, 26.9% and 23.5%, respectively.

In the January-July period, FDI flowing into the country's western region reached a rapid year-on-year increase of 41.2%, followed by 30% in the central region, and 15.2% in the eastern region.