Anhui's FDI Inflows Up 21.8% in Jan-Apr
OREANDA-NEWS. Foreign direct investment (FDI) into East China's Anhui province rose 21.8 percent year-on-year in the Jan-Apr period to reach USD 3.96 billion, the Department of Commerce said on Wednesday.
FDI in the province's service sector gained 95 percent year-on-year to USD 1.91 billion, or 48.3 percent of the total. The surge indicated that the province's structure of foreign capital was optimized, and its utilization of overseas investments was improved, according to a department source.
In contrast, the manufacturing sector saw a decrease in its FDI inflows.
Traditional manufacturing such as the textiles and apparel industry, the agro-product processing and the chemical industry experienced a year-on-year drop of 44.6 percent, 38.5 percent and 36.6 percent in FDI, respectively.
FDI from Asian economies climbed 36.5 percent year-on-year to USD 3.17 billion in the first four months. FDI from Oceania and South America reached USD 170 million and USD 150 million, up 135 percent and 62.7 percent from the same period a year ago, respectively.
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