BEIJING – China saw robust investment from countries relating to the Belt and Road Initiative in the first four months of the year, growing by 19.6 percent to 2.51 billion U.S. dollars, according to data released by the Ministry of Commerce (MOC) on May 10.
Total foreign direct investment (FDI) in the Chinese mainland, which excludes investment in the financial sector, rose 4.8 percent year on year to 286.78 billion yuan (45.3 billion U.S. dollars) in the Jan.-April period, the ministry said.
Investment in the service sector accounted for 70.2 percent of the total inflow during the period, reaching 201.4 billion yuan.
FDI in the high-tech service industry soared 108.6 percent year on year to 32.53 billion yuan in the four months.
During the Jan.-April period, western China regions absorbed investment of 23.43 billion yuan, showing a much higher growth rate of 36.2 percent year on year.
Meanwhile, central China regions and western China regions inked foreign investment contacts of 52.95 billion yuan and 29.99 billion yuan, up 8.6 percent and 6.9 percent year on year, respectively.
Table 1: China’s FDI from B&R related countriesin Jan.-April
(Unit: bln US dollars)
|
Total FDI in Chinese mainland |
45.3 |
▲4.8 % |
|
FDI from B&R related countries |
2.51 |
▲19.6 % |
(Source: MOC, Xinhua Silkroad Database)
Table 2: China’s FDI value, y-o-y growth in Jan.-April
(Unit: bln yuan)
|
Total FDI in Chinese mainland |
286.78 |
▲4.8 % |
|
Western China regions FDI |
23.43 |
▲23.43% |
|
Central China regions foreign investment contract value |
52.95 |
▲8.6 % |
|
Western China regions foreign investment contract value |
29.99 |
▲6.9 % |
(Source: MOC, Xinhua Silkroad Database)
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