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China's FDI inflows recover in June

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BEIJING, July 15 (Xinhua) -- Foreign direct investment (FDI) into the Chinese mainland reversed the decline seen in May, edging up 0.2 percent year on year to 14.42 billion U.S. dollars in June, the Ministry of Commerce said on Tuesday.

In the first six months, the FDI, which excludes investment in the financial sector, stood at 63.33 billion U.S. dollars, up 2.2 percent from the same period last year, the ministry said.

In January-June, the FDI into the service sector climbed 14.8 percent year on year to 35.2 billion U.S. dollars, accounting for 56 percent of the total FDI, and that to the manufacturing sector dropped 13.9 percent to 22.8 billion U.S. dollars, or 36 percent of the total.

Investment from the Republic of Korea and the United Kingdom remained robust in the first six months, up 45.6 percent and 76.4 percent year on year, respectively. But FDI from Japan slumped 48.8 percent year on year and FDI from the United States went down 4.6 percent year on year.

China's outbound direct investment by non-financial firms dropped 5 percent to 43.34 billion U.S. dollars in the first half of the year, the ministry said.

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