Statistics

China's February FDI up 32.2% year-on-year

(Xinhua)
Updated: 2011-03-15 14:46

?BEIJING - Foreign direct investment (FDI) into China accelerated by 32.2 percent year-on-year to $7.8 billion in February, the Ministry of Commerce (MOC) said Tuesday.

Related readings:  FDI growth to remain robust over coming year    Rising labor cost may affect flow of FDI, says Nomura  FDI door still wide open

The February FDI inflow was less than January's $10.03 billion and the number of newly-approved foreign-funded companies also fell in the month due to a week-long Chinese Lunar New Year holiday, MOC said in a brief statement on its website.

Compared with 2,243 new foreign-funded enterprises in January, only 1,156 new foreign-invested enterprises were approved in February, down 10.9 percent from the same period of last year.

The FDI into China increased 17.4 percent year-on-year to $105.74 billion last year.