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China's FDI up 0.05% in May

Jun. 18, 2012 (China Knowledge) - China's utilized foreign direct investment or FDI reached US$9.23 billion in May this year, up 0.05% YoY, according to the latest statistics released by the Ministry of Commerce.
The growth in May ended a decline for six consecutive months.

In the first five months of this year, the country's utilized FDI fell 1.91% YoY to US$47.11 billion.

The number of newly-approved foreign-invested firms was 9,261 during the five-month period, down 12.16% from the same period of 2011. The figure included 2,245 foreign-invested firms set up in May, 6.11% less than in the same month of 2011.

In the whole of 2011, the country's utilized FDI rose 9.72% YoY to US$116.01 billion. The number of newly-approved foreign-invested firms last year was 27,712, up 1.12% from 2010, China Knowledge reported earlier.

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