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Saturday, June 12, 2021, 18:20
China's Jan-May FDI inflow up 35.4%
By Xinhua
Saturday, June 12, 2021, 18:20 By Xinhua

In this undated photo, a Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. (PHOTO / IC VIA CHINADAILY.COM.CN)

BEIJING - Foreign direct investment (FDI) into the Chinese mainland, in actual use, surged 35.4 percent year-on-year to 481 billion yuan (about US$75.3 billion) in the first five months of this year, the Ministry of Commerce said Saturday.

The volume increased 30.3 percent from the same period in 2019.

READ MORE: FDI inflows set to rise this year

Foreign investment in the service industry came in at 381.9 billion yuan during the period, up 41.6 percent year on year, with foreign investment in the high-tech services sector rising 37.6 percent.

Investment from the countries along the Belt and Road expanded 54.1 percent, and investment from the Association of Southeast Asian Nations and the European Union rose 56 percent and 16.8 percent, respectively, in the January-May period.

ALSO READ: China remains an FDI hot spot

The foreign investment actually used by China's eastern, central and western regions increased by 37 percent, 36 percent and 10.4 percent, respectively.

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