Beijing lured 2.06 billion US dollars in overseas investment in the first half of this year, up 28.8 percent year on year, according to the municipal statistics bureau.

However, the contracted overseas investment in the period dropped by 13.9 percent to stand at 2.97 billion US dollars.

Statistics show that manufacturing and the service sectors achieved remarkable results in absorbing overseas investment.The second and tertiary industries allured 700 million US dollars and 1.37 billion US dollars in January-June period, up 6.2 percent and 45.9 percent, respectively.

Judging by the investment, overseas investors are keen on the electronic telecommunications, leasing and commercial services sectors. About 1.16 billion US dollars, or 56.2 percent of the city's total overseas investments, came from Asia.

Investment from Japan and China's Hong Kong increased by 2.9-fold and 12.4 percent in the first half of this year, respectively, accounting for 24.7 percent and 19.5 percent of the city's total.

Source: Xinhua