Xinhua
13 Aug 2020, 18:48 GMT+10
BEIJING, Aug. 13 (Xinhua) -- Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 15.8 percent year on year to 63.47 billion yuan (about 9.14 billion U.S. dollars) in July, the Ministry of Commerce said Thursday.
This marked the fourth consecutive month for the country to witness positive growth in FDI.
The performance of FDI inflow in the Jan.-July period was better than expected, reversing a losing streak in the first half, Zong Changqing, an official with the ministry, told a news briefing
During the period, FDI rose 0.5 percent year on year to 535.65 billion yuan, gaining 1.8 percentage points than that of the Jan.-June period.
A breakdown of data showed FDI inflow in the service industry hiked 11.6 percent from January to July to 414.59 billion yuan from the same period last year, accounting for 77.4 percent of the total.
Investment from Hong Kong, Singapore and the United Kingdom logged a year-on-year growth of 8.2 percent, 4.6 percent and 48.6 percent, respectively, during the same period.
During the first seven months, a total of 18,838 new foreign-funded enterprises were established in China.
It showed that most multinational companies were still upbeat about their business outlook in China, and their plans to continue long-term development in China remained unchanged, Zong said.
Get a daily dose of Singapore Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Singapore Star.
More InformationEVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...
Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...