China's FDI up a measly 0.3% to $9.26b in May
Firms sought more overseas investments.
According BBVA Research, China’s May FDI inflows amounted to $9.26 billion, reflecting a 0.3% y/y increase, the fourth straight month of positive year-over-year gains. Inward FDI from the US and EU held up well, at 22.6% and 24.1%, respectively, in the first five months compared to same period last year. Outward FDI (non-financial sector) growth has remained more resilient, up by 20% y/y ytd, as firms seek to boost overseas investment.