China sees rising FDI inflows in Jan-Feb

BEIJING, March 15 (Xinhua) -- Foreign direct investment (FDI) into the Chinese mainland expanded 5.5 percent Year on Year to reach 147.11 billion yuan in the first two months, the Ministry of Commerce (MOC) announced Friday.

In dollar terms, FDI inflow grew 3 percent Year on Year to 21.69 billion U.S. dollars during the period, the MOC said in a statement.

FDI in February alone reached 62.94 billion yuan, up 6.6 percent Year on Year. In dollar terms, FDI inflow rose 3.3 percent to 9.28 billion U.S. dollars last month.

The number of new overseas-funded companies established in the January-February period reached 6,509, MOC data showed.

Investment in high-tech industries rose 48.4 percent Year on Year and accounted for 27.6 percent of the total FDI, with the high-tech manufacturing sector attracting 15.91 billion yuan in overseas investment, up 9.3 percent.

China's pilot free trade zones saw FDI inflow up 35.1 percent Year on Year during the period, accounting for 12 percent of the total FDI.