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China sees steady FDI growth in May

Updated: Jun 13,2019 4:04 PM     Xinhua

BEIJING — China saw steady foreign direct investment (FDI) growth in May, official data showed on June 13.

FDI reached 63.83 billion yuan (about $9.47 billion) last month, up 8.5 percent year-on-year, according to the Ministry of Commerce (MOC).

Total foreign investment actually utilized in the past five months stood at 369.06 billion yuan, up 6.8 percent year-on-year, MOC data showed.

A total of 16,460 new foreign-invested firms were set up during the January-May period.

FDI in the high-tech manufacturing and service sectors posted robust growth, rising 23.2 percent and 68.9 percent respectively during the period.

China’s central and western regions reported steady FDI inflows, up 5.2 percent and 25.2 percent year-on-year respectively.

FDI from Germany surged 100.8 percent year-on-year in the past five months, MOC data showed.