China reports 17.3 percent increase in FDI inflow in September

BEIJING - Foreign direct investment (FDI) into the Chinese mainland rose 17.3 percent year-on-year to reach 70.63 billion yuan ($10.7 billion) last month, data showed Friday.

The growth accelerated from the 9.1-percent rise seen in August, according to data from the Ministry of Commerce.

In the first nine months, the FDI inflow edged up 1.6 percent, compared with a 0.2-percent drop during the January-August period.

FDI in the manufacturing sector rebounded while high-tech manufacturing and service industries maintained strong growth momentum.

In the first nine months, the manufacturing sector attracted FDI worth 181.76 billion yuan, up 7.5 percent year-on-year, accounting for nearly 30 percent of the total FDI.

The service sector drew 428.2 billion yuan, or 69.2 percent of the total. Production and supply of power, gas and water rose 82.9 percent year on year.

Some 52.98 billion yuan flowed into the high-tech manufacturing sector, an increase of 27.5 percent year-on-year. The high-tech service industry attracted 91.59 billion yuan, up 24 percent year-on-year.