Foreign direct investment in China grew by 19.3% in July

In July, foreign direct investment in the non-financial sector of mainland China increased in dollar terms by 19.3% year-on-year to $7 billion 750 million, the country's Ministry of Commerce said. Compared with the June rise of 5.8%, growth rate accelerated. The volume of foreign direct investment in RMB increased by 14.9% and amounted to 50 billion 400 million yuan. From the beginning of the year to July, foreign direct investment in the Chinese economy increased by 2.3% to 496 billion 700 million yuan. Direct investments of the USA for this period have grown by 12%. The number of new companies in China, which are financed by foreign business, increased in annual terms by 99.1%.

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