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China's FDI inflow up in October

Updated: Nov 16,2020 10:28 AM    Xinhua

BEIJING — Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 18.3 percent year-on-year to 81.87 billion yuan ($11.83 billion) in October, the Ministry of Commerce said on Nov 16.

This marked the seventh consecutive month for the country to see positive growth in FDI. In the first 10 months, FDI growth was 6.4 percent year-on-year, quickening from the 5.2-percent gain seen in the first three quarters, the MOC data showed.

Foreign investment in the service industry came in at 625.8 billion yuan during the January-October period, up 16.2 percent year-on-year, while that in the high-tech service sector increased 27.8 percent.

Building on the effective containment of the COVID-19 epidemic, China has rigorously rolled out a string of measures to stabilize foreign trade and investment. 

 

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