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Ministry: FDI sees growth in 2018

Issuing Date: 2018-09-14   Author:Editor of site   Source: chinadaily.com.cn   Views:
Abstract: FDI into the Chinese mainland rose 2.3 percent year-on-year to 560.43 billion yuan in the first eight months of 2018, the Ministry of Commerce announced.

Foreign direct investment (FDI) into the Chinese mainland rose 2.3 percent year-on-year to 560.43 billion yuan ($81.82) in the first eight months of 2018, the Ministry of Commerce announced.

The number of new overseas-funded companies established in the January-August period surged 102.7 percent from a year earlier to 41,331, official data showed.

FDI attracted by China's manufacturing sector grew by 8.7 percent year-on-year to 172.12 billion yuan from January to August, continuing an encouraging growth pace.

China's outbound direct investment volume from the nonfinancial sector increased 7.8 percent year-on-year to $74.09 billion in the first eight months of this year, while Chinese companies invested in 4,309 businesses in 153 countries and regions throughout the world.

By Jing Shuiyu and Zhong Nan