(MENAFN- QNA) Foreign direct investment (FDI) into the Chinese mainland rose 1.9% in September from a year earlier, standing at 9.01 billion US dollars, the Ministry of Commerce (MOC) said on Thursday.
The pickup comes after a 14% slump seen in August. It's a sign that investors are more confident about the growth outlook in the world's second largest economy.
For the first nine months, the FDI, which excludes investment in the financial sector, topped 87.36 billion dollars, down 1.4% from the same period last year, with the decline pace narrowing from the 1.8% registered in the first eight months, according to China's News Agency (Xinhua).
The service sector is continuing to attract an increasing share of the FDI, with 55.7% of the FDI flowing into the sector in the first nine months, up from the 55% recorded in the Jan.-Aug. period, said MOC spokesman Shen Danyang at a press conference.
FDI into the manufacturing sector in the first nine months dropped 16.5% year on year to 29.63 billion dollars, accounting for 33.9% of the total, down from the 35% reported in the first eight months, MOC data showed.
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