Briefly

FDI up a notch in Jan-May period

Foreign direct investment into the Chinese mainland, in actual use, nudged up 0.1 percent year-on-year to 574.81 billion yuan ($80 billion) between January and May, the Ministry of Commerce said on Thursday. In dollar terms, the FDI inflow fell 5.6 percent compared with a year earlier to $73.5 billion, according to the ministry. FDI in the manufacturing sector rose 5.9 percent year-on-year to 147.08 billion yuan during the first five months, while it climbed 7.5 percent in the high-tech industry, data from the ministry showed.

Photovoltaic sector sees strong expansion

China's photovoltaic industry expanded strongly in March-April, data from the Ministry of Industry and Information Technology showed. Output growth of polysilicon, silicon wafers, batteries, and components exceeded 72 percent year-on-year, according to the ministry. China's exports of photovoltaic products surged 29.3 percent year-on-year to top $10.7 billion in the same period.

Xinhua - China Daily