China reports steady foreign investment growth in H1

2019-07-11 09:06:58 GMT2019-07-11 17:06:58(Beijing Time) Xinhua English

BEIJING, July 11 (Xinhua) -- China saw steady foreign investment growth in the first half of 2019, official data showed Thursday.

The actual utilized value of foreign investment in China rose 7.2 percent from a year ago to reach 478.33 billion yuan during the January-June period, according to the Ministry of Commerce (MOC).

In U.S. dollar terms, the amount stood at 70.74 billion U.S. dollars, up 3.5 percent year on year.

During the same period, a total of 20,131 new foreign-funded enterprises were established.

In June alone, total foreign investment actually utilized climbed 8.5 percent year on year to 109.27 billion yuan, MOC data showed.

The reading amounted to a total of 16.13 billion U.S. dollars, a 3-percent growth compared to the same period last year.

Banking, securities and insurance sectors were not included in the monthly data, the MOC said.