Commerce Ministry out earlier with China's May Foreign Direct Investment data 12 June 2016
- +6.0% prev
- yuan 56.77 bln ($8.89bln)
- Jan-May yy +3.8%
- yuan 343.55 bln ($54.19bln
- services sector +7%, yuan 241.8bln #($38.2bln)
- mftg sector fell 3.2% in the Jan-May period, with the number totalling 28.8% of FDI.
In China, foreign direct investment refers to the accumulated foreign investment in domestic companies or entities in non-financial sector in a given year.
Services sector rise is notable as it now accounts for 70.4% of all FDI with investment in high-tech services up to 94.7% yy.
Interesting to note also that Jan-May FDI from the US rose 140.2% and from the UK 110%
No other data published today so we should expect these at some point over the next 24-48 hours as is often the case with these variable time releases.
So much for China making its communication channels more clear.