China saw a sizeable YoY rise in its actually utilised foreign investment in May, for the second consecutive month of increase.
Figures from the Ministry of Commerce indicate that China’s actually utilised foreign investment was 68.63 billion yuan (approx. USD$9.71 billion) in May, for a YoY rise of 7.5%.
The rise follows a 11.8% YoY rise in actually utilised foreign investment in April, for the reversal of a four-month decline.
For the first five months of 2020 China’s actually utilised foreign investment 355.18 billion yuan, for a YoY decline of 3.8%, yet 7 percentage points less than the contraction for the first quarter.
China’s hi-tech sector saw a 2% rise in actually utilised foreign investment in the first five months of 2020, with information services, e-commerce services and research and development and design services seeing YoY surges of 42.3%, 67.9% and 49.8% respectively.
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