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China's use of FDI surges 38.6% Jan-April

By Zhong Nan | chinadaily.com.cn | Updated: 2021-05-13 16:52

Despite the challenges brought by COVID-19 and the global economic recession, China became the world's top destination for new FDI last year. [Photo/IC]

China's actual use of foreign direct investment surged by 38.6 percent on a yearly basis to 397.07 billion yuan ($61.55 billion) in the first four months of 2021, the Ministry of Commerce announced on Thursday.

The FDI volume also represents an increase of 30.1 percent over the same period in 2019, the ministry said.

The country's service sector attracted 312.94 billion yuan of FDI from January to April, up 46.8 percent on a yearly basis, taking the majority share of the country's total FDI received during the four-month period.

In the meantime, FDI from economies related to the Belt and Road Initiative, the Association of Southeast Asian Nations and the European Union grew by 62.8 percent, 65.2 percent and 9.2 percent respectively on a yearly basis in China.

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