China's FDI inflow up 28.7% in H1

BEIJING - Foreign direct investment (FDI) into the Chinese mainland, in actual use, surged 28.7 percent year-on-year to 607.84 billion yuan, or $90.96 billion, in the first half of this year, the Ministry of Commerce said Wednesday.

The value increased 27.1 percent from the same period in 2019.

Foreign investment in the service industry came in at 482.77 billion yuan during the period, up 33.4 percent year-on-year, with foreign investment in the high-tech services sector rising 42.7 percent.

Investment from the countries along the Belt and Road expanded 49.6 percent, and investment from the Association of Southeast Asian Nations and the European Union rose 50.7 percent and 10.3 percent, respectively, in H1.

The foreign investment actually used by China's eastern, central and western regions increased by 29.7 percent, 33.6 percent and 6.1 percent, respectively.