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China's FDI may exceed US$100b again this year
By Wang Yanlin |
July 27, 2011, Wednesday
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Online Edition
Online Edition
Foreign direct investment in China may exceed US$100 billion again this year, a senior official said today.
"If it maintains the growth pace seen in the first half, it may exceed US$100 billion again and surpass last year's amount," said Yu Jianhua, assistant minister of commerce at a press conference.
In the first six months, foreign direct investment in China increased 18.4 percent from a year earlier to US$60.8 billion. However, the growth rate in June moderated to 2.83 percent from May's 13.4 percent and was the weakest in nearly a year. Less inflow from the United States and Europe was quoted as the main cause for the slowdown.
Yao Jian, the Ministry of Commerce spokesman, said earlier this month that the inflow of foreign investment remained stable so far this year.
Last year, foreign direct investment in China amounted to US$105.7 billion, up 17.4 percent from a year earlier. It was the first time that China's FDI topped US$100 billion.
Also, China was listed as the world's fifth-biggest outbound direct investor last year with overseas investment of US$68 billion. It moved up one place from 2009 and still had the potential to climb higher on the ranking, said a report by the United Nations Conference on Trade and Development.
In the first six months, China's non-financial outbound foreign direct investment jumped 34 percent year on year to US$23.9 billion, the ministry data showed.
"If it maintains the growth pace seen in the first half, it may exceed US$100 billion again and surpass last year's amount," said Yu Jianhua, assistant minister of commerce at a press conference.
In the first six months, foreign direct investment in China increased 18.4 percent from a year earlier to US$60.8 billion. However, the growth rate in June moderated to 2.83 percent from May's 13.4 percent and was the weakest in nearly a year. Less inflow from the United States and Europe was quoted as the main cause for the slowdown.
Yao Jian, the Ministry of Commerce spokesman, said earlier this month that the inflow of foreign investment remained stable so far this year.
Last year, foreign direct investment in China amounted to US$105.7 billion, up 17.4 percent from a year earlier. It was the first time that China's FDI topped US$100 billion.
Also, China was listed as the world's fifth-biggest outbound direct investor last year with overseas investment of US$68 billion. It moved up one place from 2009 and still had the potential to climb higher on the ranking, said a report by the United Nations Conference on Trade and Development.
In the first six months, China's non-financial outbound foreign direct investment jumped 34 percent year on year to US$23.9 billion, the ministry data showed.
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