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China sees record FDI inflow in H1: commerce ministry

BEIJING - Foreign direct investment into the Chinese mainland saw rapid growth in the first half of this year amid a string of government policies to improve the business environment, the Ministry of Commerce said Thursday.

FDI into the Chinese mainland, in actual use, surged 28.7 percent year-on-year to a record high of 607.8 billion yuan in H1. In US dollar terms, FDI jumped 33.9 percent year-on-year to $91 billion, said Zong Changqing, an official with the ministry.

The growth pace was the highest in almost 10 years in both yuan and US dollar terms, Zong noted.

"China's FDI growth in H1 beat market expectations, laying a solid foundation for achieving the country's goal of keeping foreign investment stable for the whole year," Zong told a press conference.

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