- Title: CHINA-ECONOMY/FDI China Jan-June FDI rises 8.3 pct to $68.4 bln
- Date: 21st July 2015
- Summary: BEIJING, CHINA (JULY 21, 2015) (REUTERS) CHINA'S COMMERCE MINISTRY SPOKESMAN SHEN DANYANG WALKING ON STAGE MEDIA SEATED (SOUNDBITE) (Mandarin) CHINA'S COMMERCE MINISTRY SPOKESMAN SHEN DANYANG SAYING: "In the first half of the year, the newly established companies that foreign invested in China rose 8.6 percent from a year earlier. The actual foreign direct investment rose
- Embargoed: 5th August 2015 13:00
- Keywords:
- Location: China
- Country: China
- Topics: General
- Reuters ID: LVA84T1NHTFVSTS7SIAVP20F3L9V
- Aspect Ratio: 16:9
- Story Text: China drew $68.4 billion in foreign direct investment for the January-June period, up 8.3 percent from a year earlier, the Commerce Ministry said on Tuesday (July 21).
That shows (foreign direct investment) FDI growth slowed from the previous year-to-date rate of 10.5 percent reported last month.
The figures do not match year-to-date figures released on the central government's website on July 17, which quoted Vice Commerce Minister Wang Shouwen as saying that January-June FDI rose 8.0 percent.
The ministry said on Tuesday that FDI in June rose 0.7 percent compared with the same period last year to $14.6 billion.
"In the first half of the year, the newly established companies that foreign invested in China rose 8.6 percent from a year earlier. The actual foreign direct investment rose 8.3 percent from a year earlier. In June, the foreign direct investment in the newly established companies rose 4.6 percent, the actual foreign direct investment rose 0.7 percent compared to the same period last year," Shen told reporters at the regular briefing.
It also said year-to-date manufacturing FDI fell 8.4 percent year-on-year to $20.9 billion.
Investment into China's fast-growing services sector jumped 23.0 percent in the first half of 2015 from a year earlier, according to the data released on Friday (July 24).
China's exports would be improved as global economy was recovering, Shen said.
"As for the exports situation in the second half of the year, our overall judgement is that it would be better than the first half of the year. Why can we say that? We cannot count much on the rapid recovery of the foreign demands despite the uncertainty of the global economic atmosphere. But the global economy, especially the economy in the U.S., have been slowly recovering," he said.
FDI inflows into China rose an annual 1.7 percent in 2014 to $119.6 billion in dollar-denominated terms. - Copyright Holder: REUTERS
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