China’s Jan FDI rises 16.1% on-year


BEIJING: China drew US$10.76bil in foreign direct investment (FDI) in January, up 16.1% from a year earlier, the Commerce Ministry said on Tuesday, a sign that confidence in the world's second-largest economy remains firm even as growth cools.

The majority of the new investment, some US$6.33bil, went into China's services sector, while investment in manufacturing fell 21.7%, the ministry said.

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