China's FDI inflows recover in June

Foreign direct investment (FDI) into the Chinese mainland reversed the decline seen in May, edging up 0.2% year on year to 14.42 billion US dollars in June, the Ministry of Commerce said on Tuesday.
In the first six months, the FDI, which excludes investment in the financial sector, stood at 63.33 billion US dollars, up 2.2% from the same period last year, the ministry said.
In January-June, the FDI into the service sector climbed 14.8% year on year to 35.2 billion US dollars, accounting for 56% of the total FDI, and that to the manufacturing sector dropped 13.9% to 22.8 billion US dollars, or 36% of the total, Chinese news agency (Xinhua) reported.
Investment from the Republic of Korea and the United Kingdom remained robust in the first six months, up 45.6% and 76.4% year on year, respectively. But FDI from Japan slumped 48.8% year on year and FDI from the United States went down 4.6% year on year.
China's outbound direct investment by non-financial firms dropped 5% to 43.34 billion US dollars in the first half of the year, the ministry said.