1st LD: China's FDI up 10.5 pct in Jan.-May
Xinhua, June 11, 2015 Adjust font size:
Foreign direct investment (FDI) to the Chinese mainland jumped 10.5 percent year on year in the first five months of 2015, settling at 330.95 billion yuan (53.83 billion U.S. dollars), the Ministry of Commerce said Thursday.
The pace slowed from the 11.1-percent increase registered in the January-April period but far exceeded the annual growth rate posted for 2014 of 1.7 percent.
China approved 9,582 new foreign-funded companies in the first five months, up 9.6 percent year on year.
Service industry FDI totaled 33.94 billion U.S. dollars in the first five months, up 23.5 percent year on year. This accounted for 63 percent of the all FDI during the period.
Some high-end manufacturing businesses saw fast investment growth. Investment climbed 4.8 percent year on year in communications equipment, computer and other electric-facility manufacturing in the first five months. Investment rose 4.4 percent year on year in traffic-equipment manufacturing in the first five months. Endi