China FDI Up 9.2% in February

March 17, 2017 Share Print 0

Foreign direct investment (FDI) into the Chinese mainland grew 9.2 percent year on year to 58.6 billion yuan (850 million U.S. dollars) in February 2017, official data showed Thursday.

Total FDI in the first two months stood at 139 billion yuan, down 2.3 percent on the previous year, the Ministry of Commerce (MOC) said in an online statement.

Investment from European Union countries grew 13.8 percent in the first two months year on year, MOC said.

Most investment went to the service and manufacturing sectors, with investment in utility services rising 184 percent year on year.

Meanwhile, 1,850 new foreign-funded enterprises were established on Chinese mainland in February, up 33.3 percent on the same period last year.

Last year, China attracted 126 billion U.S. dollars of foreign direct investment, the largest recipient among developing countries, data showed.

via ECNS

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.