Inflows of foreign direct investment (FDI) to China rose 5.1 percent year-on-year to US$69.42 billion in the first half of 2016, China’s Ministry of Commerce announced on Tuesday.
The annual growth rate accelerated from the 3.8 percent registered in the first five months of this year, Chinese state-run news agency Xinhua quoted the Ministry as saying.
The service sector represented 70.4 percent of the total FDI inflows to China in the first half of 2016. It attracted US$48.94 billion in FDI in the six months to June 30, 8 percent more from the prior-year period.
FDI into China’s manufacturing sector declined by 2.8 percent year-on-year, to US$19.53 billion.
Inflows of FDI from the United States to China increased by 136 percent year-on-year in the first six months of 2016, while that from the United Kingdom rose 105.3 percent year-on-year, Xinhua added.
In June alone, FDI inflows to China rose 9.7 percent year-on-year to US$15.23 billion.
