China FDI expands 6.4% in January-April

Foreign direct investment (FDI) into the Chinese mainland expanded 6.4% year on year to reach 305.24 billion yuan in January-April period, the Ministry of Commerce (MOC) announced Thursday.

Containers being unloaded at the Qingdao port in Shandong province. [Photo/China Daily]

In U.S. dollar terms, FDI inflow grew 3.5% year on year to US$45.14 billion during the period, the MOC said.

FDI in April alone reached 62.95 billion yuan, up 6.3% year on year.

Investment in high-tech industries rose 43.1% year on year and accounted for 28.1% of the total FDI, with the high-tech service sector attracting 52.48 billion yuan in overseas investment, up 73.4%.

FDI into western China reached 21.16 billion yuan, rising 9.6% year on year.

China's pilot free trade zones saw FDI inflow up 11.8% year on year during January-April period, accounting for 11.9% of the total FDI.

MOC data showed that FDI from the Republic of Korea and Germany both more than doubled from one year earlier.