China's FDI inflow rebounds 8.4% in Q2, says commerce ministry

Foreign direct investment (FDI) into the Chinese mainland surged 8.4 percent year on year in the second quarter, compared with a 10.8-percent-plunge in the first quarter, testifying a steady recovery of investor confidence after the coronavirus shock, data from the Ministry of Commerce (MOFCOM) showed Thursday.

For June alone, the FDI inflow stood at 117 billion yuan (16.72 billion U.S. dollars), an increase of 7.1 percent year on year.

In the first half-year, the FDI inflow totaled 472.2 billion yuan, down 1.3 percent year on year, narrowing 9.5 percentage points compared with the first quarter, said the MOFOCM.

Overseas investment in high-tech service industries surged 19.2 percent during the January to June period. Among them, RD and design services, information services, as well as inspection and testing services, increased by 35.7, 20.9 and 8.7 percent respectively year on year.

(Cover: Cargo ships berthed at a wharf of Wenfeng port in the China (Hebei) Pilot Free Trade Zone Caofeidian area in north China's Hebei Province, August 27, 2019. /Xinhua)