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China’s FDI inflow surges in Jan-Feb

Mar 13. 2021This undated photo shows a view of Nansha Port in Guangzhou, south China’s Guangdong Province. (GUANGZHOU PORT AUTHORITY / XINHUA)

By China Daily/ANN

BEIJING – Foreign direct investment (FDI) into China, in actual use, expanded 31.5 percent year on year to 176.76 billion yuan (US$27.17 billion) in the first two months of the year, the Ministry of Commerce said Friday.

The inflow went up 34.2 percent year on year to US$26.07 billion.

Foreign investment in the service industry came in at 141.74 billion yuan during the period, up 48.7 percent year on year.

China’s eastern, central and western regions attracted 32.3 percent, 11.1 percent and 50.9 percent, respectively, of the FDI.

FDI into China, in actual use, expanded 6.2 percent year on year to a record high of 999.98 billion yuan in 2020, earlier data showed.