China's Direct Foreign Investment Up 9.2% in February
Beijing, (Prensa Latina) China''s foreign direct investment (FDI) has risen 9.2% year on year to 58.6 billion yuan ($850 million USD) in February 2017, the Ministry of Commerce said today.
According to an online statement from the Ministry, total FDI in the first two months of this year stood at 139 billion yuan (about $19.857 billion USD), down 2.3% compared with the previous year.
The Ministry states that investment from European Union countries grew 13.8% in the first two months of 2017. Most investment went to the service and manufacturing sectors.
Some 1,850 new foreign-funded enterprises were established on Chinese mainland in February, up 33.3% compared to the same month of last year.
China attracted $126 billion USD of foreign direct investment in 2016, becoming the largest recipient among developing countries, according to official data.
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