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ECONOMY
THIS WEEK> THIS WEEK NO. 52, 2014> ECONOMY
UPDATED: December 22, 2014 NO. 52 DECEMBER 15, 2014
FDI Surges
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Foreign direct investment (FDI) into the Chinese mainland jumped 22.2 percent in November from a year earlier, settling at $10.36 billion, the Ministry of Commerce said on December 16.

The growth quickened from a 1.3-percent rise in October and 1.9 percent in September, as investments to the country's service industry continue rising steadily.

For the first 11 months, inward FDI, which excludes investment in the financial sector, stood at $106.24 billion, up 0.7 percent from the same period last year, the ministry said.

Around 55.1 percent of the FDI went into the country's service sector during the January-November period. The FDI in the manufacturing sector dropped 13.3 percent to $35.93 billion, accounting for 33.8 percent of the total.

Investments from the Republic of Korea and Britain saw fast growth, up 22.9 percent and 28 percent respectively. In contrast, investment from Japan plunged 39.7 percent, followed by a 23.6-percent drop from the ASEAN nations and 22.2-percent slump from the United States.

During the January-November period, China's outward FDI by non-financial investors rose by 11.9 percent to $89.8 billion. As of the end of November, non-financial outward FDI totaled 3.89 trillion yuan ($633.2 billion).



 
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