Nation’s high-tech sector FDI up 20.2%

Foreign direct investment in China’s high-tech sector increased 20.2 percent year-on-year in the first four months of this year, official data showed on Thursday. FDI in hightech manufacturing continued its rapid growth in the period, with the figure climbing 79.5 percent year-onyear to 29.6 billion yuan ($4.65 billion), said Ministry of Commerce spokesperson Gao Feng. Specifically, sectors such as medicine, electronics and telecom equipment manufacturing registered strong momentum in attracting foreign investment during the first four months of 2018. FDI in the medical equipment, instrument and meter manufacturing sector increased 513.6 percent year-on-year, according to the ministry.