Biz
China January inward FDI up 7.79%; 6th straight monthly rise
2010-Feb-21 09:25:15

BEIJING: Foreign direct investment (FDI) into China rose for the sixth consecutive month in January, up 7.79 percent year-on-year to $8.13 billion, China's Ministry of Commerce (MOC) said Saturday.

The government approved the establishment of 1,866 overseas-funded ventures in January, a year-on-year increase of 24.73 percent, the MOC said in a brief statement posted on its website.

FDI in January mainly flowed into the manufacturing sector, despite an overall decrease in the sector of 11.57 percent year-on-year, according to the statement. The sector attracted 48.65 percent of total FDI.

In January, China's non-financial investments in foreign markets stood at $2.36 billion, the MOC said.

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