Foreign direct investment in China rises 2.35% in November

Foreign direct investment (FDI) into the Chinese mainland gained 2.35% in November from a year ago to 8.48 billion US dollars, an increase for ten consecutive months, (Xinhua) reported Wednesday citing data from the Ministry of Commerce. The rate of growth was higher from the 1.24% rise in October. From January to November, the country’s FDI inflow stood at 105.51 billion US dollars, up 5.48% from the same period last year. FDI into the country’s service sector continued to grow, up 14.04% from a year earlier to 54.25 billion US dollars in the first eleven months. In contrast, the manufacturing sector attracted 41.46 billion US dollars of FDI, down 5.71% in the January-November period from a year earlier. FDI from the European Union surged 17.36% from a year earlier to 6.82 billion US dollars in the first eleven months. Investment from the United States climbed 8.6% to 3.16 billion US dollars. FDI from ten Asian countries and regions went up 7.45% to 91.41 billion US dollars. Among this, FDI from Japan climbed 2.29% year on year to 6.76 billion US dollars. FDI from Thailand rose 466.04% from a year earlier to 482 million US dollars. In the first eleven months, Chinese investment in overseas non-financial sectors gained 28.3% year on year to 80.24 billion US dollars, the ministry said.