China's FDI inflow rebounds in February

Foreign direct investment (FDI) into China expanded by 6.32 percent year on year in February, increasing for the first time since June 2012, according to data revealed by the Ministry of Commerce (MOC) on Tuesday.

FDI inflow in February stood at 8.21 billion U.S. dollars, ending a streak of declining for eight consecutive months, MOC spokesman Shen Danyang told a press conference here.

In February, China approved the establishment of 1,032 foreign-invested enterprises, down 35.62 percent from a year earlier, Shen said.

In the first two months of 2013, total FDI inflow dropped 1.35 percent to 17.48 billion U.S. dollars from the same period last year.

Investment into China's service sector grew slightly by 5.49 percent to 8.45 billion U.S. dollars in the first two months, while investment in agricultrual and manufacuturing sectors dropped 43.22 percent and 10.64 percent, respectively, according to Shen.

The European Union's investment in China surged 34.01 percent to 1.21 billion U.S. dollars, while FDI from the United States dropped 5.37 percent to 497 million U.S. dollars.