Investment inflows into China quickened in July, the government said on Friday, suggesting foreign firms' confidence in the world's No.2 economy is holding up despite slowing growth.
China drew $71.4 billion in foreign direct investment (FDI)in the first seven months of 2013, up 7.1 percent from the same period of 2012, the Commerce Ministry said.
In July alone, China attracted $9.4 billion in FDI, up 24.1 percent from a year ago, quickening from the 20.1 percent pace in June, the fastest in more than two years, although the amount was lower than June's $14.4 billion.
The ministry said FDI inflows into the manufacturing sector in the first seven months fell 2.4 pct from a year earlier, while investment in the service sector rose 15.8 pct.
China aims to lure more FDI in advanced manufacturing to help move its industry make more sophisticated, high-value products.
Source: Reuters
