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China reports rising inflow in foreign direct investment
Updated: June 18, 2020 19:18 Xinhua

BEIJING — Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded by 7.5 percent year-on-year to 68.63 billion yuan in May, said Gao Feng, spokesperson for the Ministry of Commerce, at a press conference on June 18. 

In US dollar terms, the FDI inflow stood at $9.87 billion, up by 4.2 percent year-on-year. 

From January to May, the country's FDI totaled 355.18 billion yuan, down 3.8 percent year-on-year, narrowing by 7 percentage points compared to the first quarter of the year.

During the period, the inflow to high-tech industries rose by 2 percent, with the information and e-commerce services sector up 42.3 percent and 67.9 percent, respectively.

Investment from members of the Association of Southeast Asian Nations increased 10.1 percent year-on-year, while that from countries participating in the Belt and Road Initiative rose 6 percent.

The country has rolled out a string of policies to better invigorate and protect foreign investors, which advanced the growth of the FDI, the ministry said earlier.

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