China reports steady foreign investment growth in H1

Economy

China saw steady foreign investment growth in the first half of 2019, official data showed Thursday.

XinhuaUpdated: July 12, 2019

China saw steady foreign investment growth in the first half of 2019, official data showed Thursday.

The actual utilized value of foreign investment in China rose 7.2% from a year ago to reach 478.33 billion yuan during the January-June period, according to the Ministry of Commerce (MOC).

In U.S. dollar terms, the amount stood at US$70.74 billion, up 3.5% year on year.

During the same period, a total of 20,131 new foreign-funded enterprises were established.

In June alone, total foreign investment actually utilized climbed 8.5% year on year to 109.27 billion yuan, MOC data showed.

The reading amounted to a total of US$16.13 billion, a 3% growth compared to the same period last year.

Banking, securities and insurance sectors were not included in the monthly data, the MOC said.