China February FDI up 0.9 percent year on year, outbound flows leap 68 percent

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FDI into 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 manufacturing sector and focused on the more resilient services industry.

For January and February combined, inbound FDI rose 17.0 percent from a year earlier, to $22.5 billion. Due to distortions caused by the timing of the Lunar New Year holiday this year as compared to last year, economists say the combined figure gives a clearer picture of investment flows than February alone.

Outbound investment for January and February combined rose 51.0 percent to $17.4 billion.

FDI inflows into China rose an annual 1.7 percent in 2014 to $119.6 billion, the slowest pace in two years.

(Reporting by Kevin Yao; Editing by Jason Subler)

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