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    Text:AAAPrint
    Economy

    China's FDI returns to growth in August

    1
    2016-09-13 16:31Xinhua Editor: Xu Shanshan ECNS App Download

    Foreign direct investment (FDI)into the Chinese mainland rose 5.7 percent year on year in August,compared with a 1.6-percent drop in July, official data showedTuesday.

    FDI hit 57.32 billion yuan (8.76 billion U.S. dollars) lastmonth, according to figures from the Ministry of Commerce(MOC).

    The rebound came as a slew of data released Tuesday showedChina's economic activity was in better shape last month despitelingering downward pressure.

    Fixed-asset investment, industrial output and retail sales allaccelerated in August, according to the National Bureau ofStatistics.

    The MOC said FDI in the first eight months of 2016 increased 4.5percent year on year to 85.88 billion U.S. dollars, up from 4.3percent in the first seven months.

      

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