China’s Jan-Sept FDI rises 9% to $94.9 bn

China received $94.9 billion in Foreign Direct Investment (FDI) in the first nine months this year, registering a steady nine <g data-gr-id="22">per cent</g> increase over the same period last year.

Last month, China’s Foreign Direct Investment (FDI) inflows stood at $9.56 billion, an increase of 7.1 <g data-gr-id="24">per cent</g> year-on-year, Ministry of Commerce (MoC) said on Monday. The growth slowed markedly from a 22-per cent jump in August but was still faster than a 5.2-per cent increase in July. The FDI grew steadily as high-tech industries kept drawing foreign investors, the MoC said. In the first nine months, Foreign Direct Investment (FDI), which excludes investment in the financial sector, expanded 9 <g data-gr-id="25">per cent</g> from a year earlier to $94.9 billion, state-run Xinhua news agency reported.

Among all sectors, high-tech services continued to shine, attracting $6.16 billion of foreign investment in the first nine months, a 57.6-per cent surge year on year.

High-tech manufacturing saw investment inflow accelerate to a 10.4-per cent growth during the period, reaching $seven billion. FDI in the service <g data-gr-id="23">sector in general</g> rose 19.2 <g data-gr-id="18">per cent</g> to $58 billion while that in manufacturing edged up 0.7 <g data-gr-id="19">per cent</g> to $29.8 billion, the MoC said.

More foreign firms invested in China through mergers and acquisitions, which accounted for 16.1 <g data-gr-id="20">per cent</g> of the total FDI in the January-September period, up from 5.8 <g data-gr-id="21">per cent</g> in the same period of last year.