Mar. 15, 2012 (China Knowledge) - China's utilized foreign direct investment or FDI reached US$7.73 billion in February this year, down 0.90% year on year, reflecting a decline for the fourth consecutive month, according to the latest statistics released by the Ministry of Commerce
In the first two months of this year, the country's utilized FDI fell 0.56% year on year to US$17.72 billion. The number of newly-approved foreign-invested firms was 3,005 during the period, down 11.59% from the same period of 2011.
The manufacturing sector utilized US$8.36 billion worth of foreign direct investment, down 0.10% year on year. The service sector saw its utilized FDI fall 3.51% to US$8.01 billion. Utilized FDI in the primary sector surged 38.20% year on year to RMB 312 million.
Utilized foreign investment from the 27 European Union (E.U.) member countries fall 33.32% to US$906 million.
China's eastern region utilized US$15.15 billion of foreign direct investment in the first two months, 1.63% less than in the same period of 2011 and accounting for 85.49% of the country's total. Utilized FDI in the western region declined 6.55% year on year to US$1.14 billion, while that in the central region grew 19.21% to US$1.43 billion.