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FDI inflows into China July up 30 pct

Source:   Time:

BEIJING, Aug. 17 (Xinhua) -- The amount of foreign direct investment (FDI) that flowed into China in July rose 29.2 percent year on year to 6.924 billion U.S. dollars, a Ministry of Commerce (MOC) spokesman said Tuesday.

The figure brought FDI inflows to China in the first seven months of the year to 58.35 billion U.S. dollars, an increase of 20.65 percent from a year earlier, ministry spokesman Yao Jian said.

Yao said on a month-on-month basis, FDI inflows had increased by more than 20 percent for two straight months, reflecting the solid recovery in FDI flows into China.

The manufacturing sector received 47.94 percent of the July FDI inflow and the services industry got 45.09 percent.

A total of 14,459 foreign-invested companied were approved for establishment in China during the first seven months of the year, up 17.9 percent year on year.

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