Steady growth in FDI in the first half 
2019-07-12
CHINA saw steady growth in foreign direct investment in the first half of 2019, official data released yesterday showed.
The actually utilized foreign investment in China rose 7.2 percent from a year ago to reach 478.33 billion yuan during the January-June period, Gao Feng, spokesperson with the Ministry of Commerce, said. In US dollar terms, the amount stood at US$70.74 billion, up 3.5 percent 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 percent year on year to 109.27 billion yuan. The reading amounted to a total of US$16.13 billion, a 3 percent growth compared to the same period last year. Banking, securities and insurance sectors were not included in the monthly data.
FDI into the high-tech sector saw faster expansion, with the sector’s actually utilized FDI rising 44.3 percent year on year and accounting for 28.8 percent of the total FDI, Gao said.
The high-tech manufacturing industry drew 50.28 billion yuan, up 13.4 percent year on year, with electronics and communications equipment rising 25 percent compared to the same period last year.
