China January FDI grows at strongest pace in four years
February 16, 2015
BEIJING (by Reuters) – Foreign direct investment (FDI) in China grew at its strongest pace in nearly four years in January, surging 29.4 percent from a year earlier to $13.9 billion as investors largely shunned the troubled manufacturing sector and focused on the more resilient services industry. But analysts cautioned about reading too much into economic indicators for January alone, given the strong seasonal distortions caused by the timing of the Lunar New Year holidays, which began on Jan. 31 last year but start on Feb. 19 this year. January FDI rose 4.5 percent from December, the Commerce Ministry said on Monday. In terms of value, January FDI was the highest since June 2014.