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17.03.201501:05:59UTC+00China February FDI up 0.9 percent year on year, outbound flows leap 68 percent

Foreign direct investment (FDI) of China drew $8.56 billion in in February, climbed 0.9 percent from a year earlier, while outbound Chinese investment excluding the financial sector surged by 68.2 percent to $7.25 billion, the Commerce Ministry said on Tuesday.

China's FDI 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.

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.

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