China's foreign direct investment rose 4.9% from a year earlier to $8.84 billion in September, recovering from the lackluster 0.4% growth in August, the Ministry of Commerce said.
The growth rates grew over 20% in June and July, which were much stronger than the less than half a percent in April and May and around 6% in February and March. FDI had fallen for 8 consecutive months through January 2013 as the China's economy faltered amid a global downturn.
In the first 9 months of 2013, China attracted $88.6 billion in FDI and gave green light to the establishment of 16,351 foreign-funded firms in the country, up 6.2% and down 9.3% respectively from the same period a year earlier.
FDI by Sector
The service sector continued to outperform manufacturing and accounted for the largest weight in attracting FDI. Between January and September, the service sector attracted $44.7 billion, up 13.3% from a year earlier and representing 50.5% of total FDI; manufacturing attracted $35.5 billion, down 4% from a year earlier and representing 40% of total FDI; FDI made in the agricultural sector was down 2.4% from a year earlier to $1.22 billion. FDI doubled from a year earlier in the rail/road/tunnel/bridge construction, education and entertainment and gas production and supply industries, where growth was 696.7%, 117.8% and 112.1% respectively.
FDI by Country of Origin
Between January and September, the top 10 Asian countries and regions (Hong Kong, Macau, Taiwan, Japan, the Philippines, Thailand, Malaysia, Singapore, Indonesia and South Korea) invested $76.29 billion, up 7.5% from a year earlier; the European Union invested $5.94 billion, up 23% from a year earlier; the Unites States invested $2.88 billion in China, up 21.3% from a year earlier.
FDI by Chinese Region
Although the eastern region took the lion's share of China's total FDI, the central and western region overshadowed the eastern region when it comes to growth. Coastal and eastern China attracted $74.2 billion in FDI in between January and September, up 5.6% from a year earlier and representing 83.7% of total FDI. Central China and western China's FDI was $7.84 billion and $6.6 billion respectively, up 12.3% and 6.1% respectively from a year earlier.
China's Offshore Investment
The Ministry of Commerce said China's overseas non-financial investment jumped 17.4% year on year to $61.64 billion in the first 9 months of 2013. Hong Kong, the Association of Southeast Asian Nations, the European Union, Australia, the United States, Russia and Japan were the top seven recipients responsible for 68.9% of China's offshore nonfinancial investment; their combined amount was up 3.2% year on year to $42.47 billion.
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