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China's H1 foreign direct investment grows 4.1% YOY

Foreign direct investment into China rose 4.1% year over year to $68.32 billion in the 2018 first half, China Daily reported, citing Ministry of Commerce data.

Meanwhile, the number of foreign-funded companies set up in China during the first half rose 96.6% to 29,591 from a year earlier.

Foreign direct investment in the high-tech manufacturing industry rose 25.3% year over year. This was led by investments in medical instruments, communications equipment, and computer and office equipment.

Measures to encourage more investment contributed to the rise in foreign investments, said Bai Ming, a researcher with the Chinese Academy of International Trade and Economic Cooperation.

China has revised its negative lists for foreign investment in the finance, transportation, energy, resources and agriculture sectors, among others. The negative list was reduced to 48 items from 63, while the list for pilot free trade zones was cut to 45 items from 95. Both lists took effect at the end of July.