China's FDI inflow up 19.6% in first 9 months

BEIJING -- Foreign direct investment (FDI) into the Chinese mainland, in actual use, rose 19.6 percent year-on-year in the first nine months of the year, the Ministry of Commerce said Wednesday.

During the Jan-Sept period, non-financial FDI into the country totaled 859.5 billion yuan. In US dollar terms, FDI into the Chinese mainland totaled $129.3 billion, up 25.2 percent year-on-year.

FDI into the service sector increased 22.5 percent in yuan terms, while high-tech industries saw FDI inflow jumping 29.1 percent year-on-year, data from the ministry showed.

Foreign investments from the Association of Southeast Asian Nations and countries along the Belt and Road into the Chinese mainland jumped 31.4 percent and 31.9 percent, respectively.