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China's FDI up 11.1 pct in Jan.-April

Source:   Time:

BEIJING, May 12 (Xinhua) -- Foreign direct investment (FDI) on the Chinese mainland jumped 11.1 percent year on year in the first four months of 2015, settling at 273.61 billion yuan (44.49 billion U.S. dollars), the Ministry of Commerce (MOC) said Tuesday.

The pace slowed from the 11.3 percent increase registered in the January-March period but far exceeded the annual growth rate posted for 2014 of 1.7 percent.

China approved 7,790 new foreign-funded companies in the first four months, up 17 percent year on year.

Service industry FDI totaled 28.14 billion U.S. dollars in the first four months, up 24.8 percent year on year. This accounted for 63.2 percent of all FDI during the period.

Some high-end manufacturing businesses saw fast investment growth. Investment climbed 9.9 percent year on year in communication equipment, computer and other electric facility manufacturing in the first four months. Investment rose 2.4 percent year on year in traffic equipment manufacturing in the first four months.

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