China's FDI Rose 1% in First Quarter, Its Slowest Pace in Five Years
Yicai Global
/SOURCE : Yicai
China's FDI Rose 1% in First Quarter, Its Slowest Pace in Five Years

(Yicai Global) April 14 -- Foreign direct investment into China edged up just 1 percent in the first quarter from a year earlier, its slowest clip in five years.

China's FDI was CNY226.5 billion (USD32.8 billion) in the January to March period, according to figures published by the commerce ministry yesterday. The ministry gave no reason for the lowest year-on-year gain since the same period in 2012.

Some 6,383 new foreign-funded companies were set up in the first three months, an increase of 7.2 percent, the ministry said.

In March, 2,523 new foreign-invested firms were formed, a drop of 1.5 percent, while FDI amounted to CNY87.83 billion, a jump of 6.7 percent from a year ago.

By industry, the service sector saw the most investment, with FDI expanding 7.1 percent year on year in the first quarter, accounting for 73 percent of the total FDI. The manufacturing sector received CNY59.46 billion, or 26.3 percent of the total FDI.

Major countries/regions maintained a stable overall investment in China. The total amount of FDI from the top 10 was CNY214 billion in the first quarter, accounting for 94.7 percent of the country's FDI, up 1.1 percent over the same period of last year.

 

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Keywords: FDI , Wine , Foreign Trade