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China's FDI inflow rises 6.9% in January-August

Updated: Sep 12,2019 04:39 PM    Xinhua

BEIJING — Foreign direct investment (FDI) into the Chinese mainland expanded 6.9 percent year-on-year to 604 billion yuan ($84.89 billion) in the January-August period, the Ministry of Commerce said on Sept 12.

In US dollar terms, FDI inflow grew 3.2 percent year-on-year to $89.26 billion during the period, the ministry said.

FDI in August alone reached 70.89 billion yuan, up 3.6 percent year-on-year.

During the past eight months, a total of 27,704 new foreign-funded enterprises were established.

Foreign investment in high-tech industries surged 39.3 percent year-on-year to 174.8 billion yuan, accounting for 28.9 percent of the total FDI, among which the high-tech service sector received 108.28 billion yuan, up 58.4 percent.

During the period, China's pilot free trade zones saw FDI inflow up 23.3 percent year-on-year to 86.6 billion yuan, accounting for 14.3 percent of the total FDI.

Foreign investment from the Republic of Korea continued fast expansion, surging 45.3 percent year-on-year in the first eight months, while FDI from the countries along the Belt and Road maintained steady growth of 6.3 percent.

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