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China's FDI inflow rises in June

Xinhua, July 12, 2016 Adjust font size:

Foreign direct investment (FDI) into the Chinese mainland rose 9.7 percent year on year to 15.23 billion U.S. dollars in June, the Ministry of Commerce said on Tuesday.

This compared with a 1-percent decline registered in May.

In the first half of 2016, FDI, which excludes investment in the financial sector, rose 5.1 percent year on year to 69.42 billion dollars, with the growth rate accelerating from 3.8 percent registered in the first five months, the ministry said.

The service sector attracted 48.94 billion dollars of FDI in H1, 8 percent more than in the same period of last year and representing 70.4 percent of the total.

FDI into the manufacturing sector declined 2.8 percent during the same period to 19.53 billion dollars, accounting for 28.3 percent of the total.

Among China's major investors, FDI from the United States soared 136 percent year on year in the first half, while that from Britain rose 105.3 percent. Endi