Investments from European Union decline in mainland as U.S. and Asian states pour money in
BEIJING – Foreign direct investment in China rose by 10.44 percent in the first two months of this year compared to the same period in 2013, the Ministry Of Commerce of China announced.
Ministry spokesperson Shen Danyang said on Tuesday that investment in the mainland reached $19.31 billion during the period, with foreign investors establishing 2,764 new companies -- a 5.18 percent increase compared to the same period last year.
FDI in the service sector increased 25.54 percent to $10.61 billion while it decreased to $7.02 billion in manufacturing -- a fall of 6.06 percent.
U.S. investment in China increased 43.26 percent and reached $0.71 billion, while investments from the biggest 10 Asian economies rose 11.58 percent to $16.94 billion.
But European Union investments for January and February of this year decreased 13.82 percent to $1.05 billion.
Underdeveloped regions in middle parts of the country saw a 75.02 percent rise in FDI, reaching $2.62 billion, while investment in western parts recorded a 28.98 percent increase, taking it to $1.39 billion.
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