China's FDI hits USD8.7b in April

(MENAFN) According to the Chinese Ministry of Commerce (MOC), Foreign direct investment (FDI) in the country increased 3.4 percent compared to a year earlier, hitting USD8.7 billion in April, QNA reported. The MOC added that China drew USD40.3 billion in FDI, increasing by 5.0 percent compared to a year earlier. About 55.8 percent of the FDI went into the service sector, while that to the manufacturing sector dropped 11.4 percent to USD14.5 billion, accounting for 35.9 percent of the total. FDI from the Republic of Korea into the Chinese mainland increased 138.5 percent in the January-April period compared to a year ago, while FDI from Japan and the United States decreased 46.8 percent and 11.4 percent year on year, respectively.