China’ investments volume absorbed grew by 3.8% for five months

Almaty. June 13. Silkroadnews – In January-May 2016 the foreign investments volume absorbed in China amounted to 343.55 billion yuan, having increased by 3.8% compared to the same period last year, Xinhua news agency reported with reference to the Ministry of Commerce of China.

According to the ministry, within January-May of this year there were 10871 enterprises established in China with foreign investments participation, which is 13.5% higher than in the same period of 2015. In particular, 2573 of such companies (which is a 43.6% growth) were created in May, with actual foreign investments attracted totaled 56.77 billion yuan (a 1% decline).

For the first five months of 2016 China’s service industry has mastered the 241.8 billion yuan of foreign investments (with an increase of 7%), which accounted for 70.4% of the total amount of foreign investments actually absorbed by the country.

In the field of high-tech services, the number totaled 40.38 billion yuan, i.e. an increase of 94.7%. The foreign investments inflow in the field of information technology services rapidly grew by 238.3%, in the area of digital content and related services – by 88%, and in the design and development – by 33.9%.

For the manufacturing sector the volume of the foreign investments absorbed made 98.86 billion yuan (a decline of 3.2%), which accounted for 28.8% of the total foreign investment absorbed volume.

In January-May 2016 China registered 544 new companies established by foreign investors through mergers and acquisitions, the volume of attracted foreign investments reached 71.77 billion yuan. These two indicators increased by 3.2% and 19.9% respectively against the same period of 2015.

$1 = 6.58 yuan