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Foreign direct investment into China rebounds in December 2018

Foreign direct investment into China rose by 24.9% year over year to 92.34 billion Chinese yuan in December 2018, rebounding after a 26.3% fall in November 2018, the country's Ministry of Commerce said.

A total of 5,830 foreign-invested firms were established in the country in December 2018, reflecting an annual rise of 20.5%.

For full year 2018, foreign direct investment edged up by 0.9% from a year ago to 885.61 billion yuan. The number of newly established foreign-invested enterprises grew by 69.8% to 60,533 during the year.

Foreign direct investment from the U.S. rose by 7.7% in the year. Contributions to foreign direct investment by Singapore, Japan, South Korea, Germany and the U.K. rose 8.1%, 13.6%, 24.1%, 79.3% and 150.1%, respectively.

As of Jan. 11, US$1 was equivalent to 6.76 Chinese yuan.