CHINA FDI INFLOW FOR FEBRUARY AHEAD OF EXPECTATIONS
BEIJING - FDI inflows for February surprised to the upside at 6.3% y/y (consensus: -4.8%), marking the first year-over-year increase since June 2012. Together with the out-turn in January, the FDI inflow of the first two months declined by 1.3% y/y, indicating modest stabilisation. Investment from the EU increased notably (34% y/y) during January-February, while investment from US (-5.4%) and Japan (-6.7%) remained weak. At the same time, FDI outflows more than doubled in January/February over the previous year’s period. www.bbva.com (ATI).