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China's FDI up 23.4% in January

The amount of foreign direct investment(NYSE:FDI) into China rose 23.4 percent in January year-on-year to $10.03 billion, said Yao Jian, spokesman of the Ministry of Commerce on Feb 17.




A total of 2,243 new foreign-invested enterprises were approved in January, an increase of 20.2 percent year-on-year, Yao said.

The services sector received $4.69 billion of FDI, up 31.8 percent from January last year. While FDI inflows in the manufacturing sector rose 18.9 percent to $4.7 billion.

Yao said the growth of FDI into west China was higher than the national average. The western region attracted $510 million of FDI in January, a year-on-year increase of 81.1 percent.

Investment in the eastern region grew 23 percent year-on-year to $8.98 billion, while investment in the central region fell 2 percent year-on-year to $540 million.