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August FDI dips 1.43%, stabilizing from big fall in July
By Wang Yanlin |
September 19, 2012, Wednesday
|
Online Edition
Online Edition
FOREIGN direct investment in China fell 1.43 percent year on year in August, narrowing from an 8.7 percent decrease in July, the Ministry of Commerce said this morning.
Last month's US$8.32 billion inbound foreign investment was more than July's figure of US$7.58 billion, a sign of stabilization, said Shen Danyang, a ministry spokesman.
In the first eight months, foreign investors set up 15,777 new enterprises in China with an total investment of US$74.99 billion, contracting 3.4 percent from a year earlier.
Foreign investment in China's manufacturing sector declined 6.66 percent annually to US$33.7 billion during the January-August period. Funds flowing into China's service sector shrank 1.85 percent to US$35 billion, led by a 9.89 percent cut in foreign investment in China's property market, the ministry data showed.
Investors from the United States trimmed their investment in China by 2.85 percent in the first eight months, while capital from the 27-member European Union decreased 4.1 percent.
Investment from Japan, however, increased 16.2 percent during the period, but it was much lower than a 50 percent rise in 2011.
Against the national trend of shrinking FDI, Shanghai's inbound foreign direct investment expanded 20.9 percent year on year to US$1.6 billion in August, according to the Shanghai Statistics Bureau.
Mature market system, skilled labor force, efficient government, transparent laws and quality projects like the Disneyland Theme Park are reasons for foreign investors to favor the city when uncertainties made investors cautious elsewhere, analysts said.
In the first eight months, China's outbound non-financial foreign direct investment jumped 39.4 percent to US$47.6 billion, spiking dramatically from last year's growth of 1.8 percent.
Last month's US$8.32 billion inbound foreign investment was more than July's figure of US$7.58 billion, a sign of stabilization, said Shen Danyang, a ministry spokesman.
In the first eight months, foreign investors set up 15,777 new enterprises in China with an total investment of US$74.99 billion, contracting 3.4 percent from a year earlier.
Foreign investment in China's manufacturing sector declined 6.66 percent annually to US$33.7 billion during the January-August period. Funds flowing into China's service sector shrank 1.85 percent to US$35 billion, led by a 9.89 percent cut in foreign investment in China's property market, the ministry data showed.
Investors from the United States trimmed their investment in China by 2.85 percent in the first eight months, while capital from the 27-member European Union decreased 4.1 percent.
Investment from Japan, however, increased 16.2 percent during the period, but it was much lower than a 50 percent rise in 2011.
Against the national trend of shrinking FDI, Shanghai's inbound foreign direct investment expanded 20.9 percent year on year to US$1.6 billion in August, according to the Shanghai Statistics Bureau.
Mature market system, skilled labor force, efficient government, transparent laws and quality projects like the Disneyland Theme Park are reasons for foreign investors to favor the city when uncertainties made investors cautious elsewhere, analysts said.
In the first eight months, China's outbound non-financial foreign direct investment jumped 39.4 percent to US$47.6 billion, spiking dramatically from last year's growth of 1.8 percent.
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