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China’s FDI inflow surges 18.7pc in Aug

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Beijing

Foreign direct investment (FDI) into the Chinese mainland, in actual use, grew 18.7 percent year on year to 84.13 billion yuan (about 12.3 billion U.S. dollars) in August, the Ministry of Commerce said Friday. In the first eight months, FDI inflow amounted to 619.78 billion yuan, up 2.6 percent year on year. Foreign investment in the service industry came in at 476.61 billion yuan, up 12.1 percent year on year during the January-August period, while investment in the high-tech service sector surged 28.2 percent. Investment from the Netherlands surged 73.6 percent, while that from Britain rose 17.2 percent, the data showed. Building on effective containment of the covid-19 epidemic, China has rigorously rolled out a string of measures to stabilize foreign trade and investment.—Xinhua

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