China’s FDI jumps nearly 30% in January, highest levels in 4 years

FXStreet (Mumbai) - Foreign investment in China, the world's second largest economy grew at its strongest pace in nearly four years in January, the country's Commerce Ministry said on Monday.

Inward investment rose 29.4% year-on-year to USD13.9 billion, the biggest increase for four years, the data revealed. It is also marginally up from December's USD13.3 billion.

The data showed foreign firms increased investments in the services sector, while manufacturing activity in the country is slowing down.

Foreign direct investment in the services sector reached USD9.2 billion in January, a 45.1% increase from a year earlier and accounting for 66% of total foreign direct investment.