China's FDI Inflows Gain for Seventh Month in a Row, Jumping 18.3% in October
Xinhua
DATE:  Nov 16 2020
/ SOURCE:  XINHUA
China's FDI Inflows Gain for Seventh Month in a Row, Jumping 18.3% in October China's FDI Inflows Gain for Seventh Month in a Row, Jumping 18.3% in October

(Yicai Global) Nov. 16 -- China's mainland attracted a rising sum of foreign direct investment for the seventh consecutive month in October.

The country's FDI climbed by 18.3 percent to CNY81.9 billion (USD12.4 billion) from a year ago, the commerce ministry announced today.

From January to October, China's FDI grew by 6.4 percent from a year earlier. The pace of increase was rising from a 5.2 percent gain logged during the first three quarters.

China has rolled out a slew of measures to stabilize foreign trade and investment amid the global Covid-19 pandemic.

Foreign investment in the service industry widened by 16.2 percent to CNY625.8 billion (USD95.2 billion) over the 10 months. That of the tech service sector increased by 27.8 percent.

Editor: Emmi Laine

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Keywords:   FDI,Ministry of Commerce