The actual use of FDI in January-February this year went down by 20.4 per cent year on year (YoY), the ministry revealed.
In these two months, 7,574 new foreign-invested enterprises were set up across the nation—a YoY growth of 5.8 per cent, it said.
The actual use of FDI in the manufacturing industry during this period was 47.82 billion yuan and grew by 33.5 per cent YoY in the e-commerce sector, a state-controlled news agency reported.
Investment from the United Kingdom, Germany and South Korea climbed by 87.9 per cent, 54.7 per cent and 45.2 per cent YoY respectively during the period.
ALCHEMPro News Desk (DS)
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