Foreign direct investment in China up 1.9%

Foreign direct investment (FDI) into China rose 1.9 percent from a year earlier to USD 9.01 billion in September for the first increase in three months, the Chinese Commerce Ministry said Thursday.
It followed a 14-percent plunge in August, according to figures released by the ministry.
In the January-September period, the country's FDI inflow fell 1.4 percent from the same period of 2013 to USD 87.4 billion, with the service sector accounting for 55.7 percent of the total FDI. Investment from South Korean surged 32.5 percent year-on-year in the first nine months of this year, while that from Britain rose 32.3 percent. However, FDI from Japan plunged 43.0 percent.
The September expansion is a sign that investors are more confident about the growth outlook in the world's second-largest economy, state-run Xinhua News Agency said.