FDI into Chinese mainland falls 5.1% YoY to 847.17 bn yuan in Jan-Aug

A ministry official attributed the drop to the slow pace of the global economic recovery and the high base recorded last year.

During the period, 33,154 new foreign-invested firms were set up across the country—up by 33 per cent YoY, the official was quoted as saying by a state-controlled media outlet.

FDI in manufacturing rose by 6.8 per cent YoY.

FDI from the United Kingdom, Canada and France rose by 132.6 per cent, 111.2 per cent and 105.6 per cent respectively during the period.

ALCHEMPro News Desk (DS)