China FDI expands 6.4pc in Jan-April

17th May, 2019 12:00:16 printer

BEIJING: Foreign direct investment (FDI) into the Chinese mainland expanded 6.4 percent year on year to reach 305.24 billion yuan in January-April period, the Ministry of Commerce (MOC) announced Thursday.

In U.S. dollar terms, FDI inflow grew 3.5 percent year on year to 45.14 billion dollars during the period, the MOC said, reports Xinhua.

FDI in April alone reached 62.95 billion yuan, up 6.3 percent year on year.

Investment in high-tech industries rose 43.1 percent year on year and accounted for 28.1 percent of the total FDI, with the high-tech service sector attracting 52.48 billion yuan in overseas investment, up 73.4 percent.