China posts nearly 13% growth in FDI

China posts nearly 13% growth in FDI

Beijing: China used $36.93 billion in foreign direct investment in the first seven months, registering a growth of 12.92% on last year, the Ministry of Commerce announced on 13 August.

However, the number of foreign-funded enterprises approved during January to July was down 4.81% from the same period last year to 21,676.

In July, 2,993 foreign-funded enterprises were approved, down 0.96%, but $5.04 billion in FDI was actually used nationwide, up 17.84%.

The top 10 sources of overseas investment in the Chinese mainland accounted for 86.6% of the total FDI in the seven months. Among them, the US recorded a drop of 14.4% in the number of enterprises it established in China, but a rise of 5.3% in FDI.