FDI in China rises last month

Foreign direct investment in China rose steadily in March and the first three months of this year.

Foreign direct investment in China rose steadily in March and the first three months of this year.

China’s Ministry of Commerce said yesterday that in yuan terms, FDI in the country rose 0.4 percent year on year to 88.14 billion yuan (US$14 billion) last month.

The total FDI inflow in the year’s first quarter increased by 0.5 percent from a year earlier to 227.54 billion yuan, which in US dollar terms represented a growth of 2.1 percent.

The number of new overseas-funded firms in the first three months in China surged 124.7 percent from a year earlier to 14,340, while the number in March was 5,492, up 117.7 percent.

FDI in the high-tech industry jumped 12.8 percent from a year earlier and accounted for 19.3 percent of the total investment, said Gao Feng, the ministry’s spokesman.

In regional terms, the central area of China recorded a FDI rise of 46.7 percent to 17.08 billion yuan; for the western regions, it was 15.18 billion yuan, up 23.4 percent.

In the January-March period, investments from Singapore and South Korea increased 72.5 percent and 65.7 percent respectively, and investments from the Association of Southeast Asian Nations rose 79.1 percent.

Investment from countries along the Belt and Road was up 76 percent in the first quarter from the same period of last year, according to the ministry.

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