MNI BRIEF: China Jan Utilised FDI Lower Than Last Year
MNI (BEIJING) - China utilised CNY97.6 billion of foreign investment during January, a 13.4% year-on-year decline but a 27.5% month-on-month increase, data from the Ministry of Commerce showed on Wednesday.
The manufacturing sector utilised CNY28.78 billion, while the service sector used CNY66.8 billion, the Ministry said, adding that China saw the establishment of 4,229 new foreign-invested enterprises during the first month, a 7.8% decrease y/y.
Housing markets in China’s first-tier cities are likely to stabilise within the year, supported by further reductions in homebuying thresholds and restored confidence as local governments work to ease a liquidity crunch for high-quality real-estate developers, advisors and analysts told MNI. (See: MNI: China Tier-one Housing Markets Likely To Stabilise)