China FDI expands 6.4% in January-April

BEIJING — Foreign direct investment (FDI) into the Chinese mainland expanded 6.4 percent year-on-year to reach 305.24 billion yuan (about $45.14 billion) in January-April period, the Ministry of Commerce (MOC) announced on May 16.

In US dollar terms, FDI inflow grew 3.5 percent year-on-year to $45.14 billion during the period, the MOC said.

FDI in April alone reached 62.95 billion yuan, up 6.3 percent year-on-year.

Investment in high-tech industries rose 43.1 percent year-on-year and accounted for 28.1 percent of the total FDI, with the high-tech service sector attracting 52.48 billion yuan in overseas investment, up 73.4 percent.

FDI into western China reached 21.16 billion yuan, rising 9.6 percent year-on-year.

China’s pilot free trade zones saw FDI inflow up 11.8 percent year-on-year during January-April period, accounting for 11.9 percent of the total FDI.

MOC data showed that FDI from the Republic of Korea and Germany both more than doubled from one year earlier.