China Foreign Direct Investment y/y for November +22.2% y/y
- expected +1.1%
- prior was +1.3%
More (via Reuters):
- China’s foreign direct investment (FDI) rose on a cumulative basis in November, breaking four months of consecutive declines
- Foreign investors moved money into China’s services sector at the expense of manufacturing
- Chinese services sector attracted $58.6 billion of FDI in the first 11 months of the year, up 7.9 percent from the same period a year ago and significantly outperforming manufacturing which saw a 13.3 percent decline
- China drew $106.2 billion in foreign direct investment (FDI) in the first 11 months of 2014, the Ministry of Commerce said on Tuesday, up just 0.7 percent from a year earlier
- In November alone, China attracted $10.4 billion in FDI, up 22.2 percent from a year earlier
- China’s non-financial direct outbound investment has continued to approach equivalency with inbound flows, rising l1.9 percent from the same period last year to $89.8 billion but declining on a monthly basis by 26.1 percent to $7.9 billion
- FDI is still a small contributor to China’s overall capital flows compared to exports, which were worth about $2 trillion in 2013.