China sees surging utilization of foreign capital in first two months this year

A visitor experiences an IOLMaster 500 device at the booth of German technology enterprise ZEISS during the third China International Import Expo (CIIE) in Shanghai, east China, Nov. 6, 2020. (Xinhua/Chen Yehua)

China's actual use of foreign capital grew steadily in the first two months of this year, official data showed recently.

The actual use of foreign capital in the country reached 176.76 billion yuan in the first two months, up 31.5 percent year on year, according to the Ministry of Commerce.

From the perspective of industries, the actual use of foreign capital in the service sector amounted to 141.74 billion yuan, surging by 48.7 percent from the same period of last year and accounting for 80.2 percent of the country's total. Among them, the actual use of foreign capital in the wholesale and retail industry, accommodation and catering industry, as well as leasing and business service industry increased by 54.1 percent, 45.6 percent, and 70.3 percent, respectively.