China gets $63 bn FDI in January-June

China received $63.33 billion foreign direct investment (FDI) in the first six months of 2014, a 2.2 per cent increase compared to the same period last year. More foreign investment made its way to the service sector ahead of manufacturing for which the country was famous for. FDI into China reversed the decline seen in May, edging up 0.2 per cent year-on-year to $14.42 billion 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 up 2.2 per cent from the same period last year, the ministry said. In January-June, the FDI in the service sector climbed 14.8 per cent year-on-year to $35.2 billion, accounting for 56 per cent of the total FDI; and that in the manufacturing sector dropped 13.9 per cent to $22.8 billion or 36 per cent of the total.