China’s Actually Utilised Foreign Investment Rises 11.8% YoY in April, Reverses Four Month Decline
Official data points to a sizeable rise in the level of foreign investment actually utilised within China in the month of April.
In April China’s actually utilised foreign investment was 70.36 billion yuan (USD$9.9 billion), for a YoY rise of 11.8%, according to data released by the Ministry of Commerce (MOFCOM) on 14 May.
The April figure marks a sharp reversal compared to the January-April period as a whole, when actually utilised foreign investment totalled 286.55 billion yuan (approx. $41.34 billion), for a YoY drop of 6.1% in renminbi terms and a 8.4% drop in US dollar terms.
Actually utilised foreign investment in the hi-tech sector did see a YoY rise of 2.7% for the the January-April period, with information services seeing an increase of 46.9%, e-commerce services seeing an increase of 73.8% and specialist technology services a leap of 99.6%.