Asian investors boost China's FDI
By Wang Yanlin |
November 17, 2011, Thursday
|
Print Edition
Print Edition
Foreign direct investment in China grew at a faster pace in October, with an increase in capital from Asian investors. Investment from the United States, however, dropped notably.
Investment rose 8.75 percent from a year earlier to US$8.33 billion last month, the Ministry of Commerce said yesterday, up from September's 7.88 percent rise.
In comparison, the pace was 11.1 percent in August and 19.8 percent in July.
In the first 10 months, investment expanded 15.8 percent to US$95 billion, the ministry said.
"Generally speaking, foreign investors are increasingly cautious of their new investment amid global economic uncertainties," said Xue Jun, an analyst at CITIC Securities Co.
"The unexpected rebound in October is a result of more investment coming from Asian countries, which perform relatively well under present conditions," Xue said.
In the first 10 months, investment from 10 major Asian markets, including Japan, the Philippines, Thailand and Malaysia, jumped 20.6 percent from a year earlier to US$81.8 billion.
Japan's investment surged 65.5 percent, the ministry's data showed.
Investment from the US, however, fell 18.13 percent year on year to US$2.5 billion between January and October, and capital from the 27-member European Union edged up just 1.05 percent.
"Declining US investment is closely related to the current economic conditions in the United States," said Shen Danyang, a ministry spokesman.
"The US is promoting its re-industrialization strategy, which creates some pressure for China to attract American investment in some high value added manufacturing sectors."
Shen said China remained one of the most attractive destinations for foreign investment.
In the year to October, foreign investors injected US$44.5 billion in China's services industry, up 20.6 percent from a year earlier.
Tourism, wholesale and retail were the most popular choices, with jumps of 107 percent, 70 percent and 72 percent respectively on an annual basis.
Investment in the manufacturing sector gained 11.6 percent to US$43.5 billion in the first 10 months, while the agricultural industry reported foreign investment of US$1.5 billion, up 5.46 percent from a year earlier.
Meanwhile, China's outbound non-financial foreign direct investment advanced 14.1 percent year on year to US$46.2 billion through October, covering 2,733 foreign companies in 130 countries.
The pace had picked up from the 12.5 percent in the first three quarters, according to ministry figures.
Investment rose 8.75 percent from a year earlier to US$8.33 billion last month, the Ministry of Commerce said yesterday, up from September's 7.88 percent rise.
In comparison, the pace was 11.1 percent in August and 19.8 percent in July.
In the first 10 months, investment expanded 15.8 percent to US$95 billion, the ministry said.
"Generally speaking, foreign investors are increasingly cautious of their new investment amid global economic uncertainties," said Xue Jun, an analyst at CITIC Securities Co.
"The unexpected rebound in October is a result of more investment coming from Asian countries, which perform relatively well under present conditions," Xue said.
In the first 10 months, investment from 10 major Asian markets, including Japan, the Philippines, Thailand and Malaysia, jumped 20.6 percent from a year earlier to US$81.8 billion.
Japan's investment surged 65.5 percent, the ministry's data showed.
Investment from the US, however, fell 18.13 percent year on year to US$2.5 billion between January and October, and capital from the 27-member European Union edged up just 1.05 percent.
"Declining US investment is closely related to the current economic conditions in the United States," said Shen Danyang, a ministry spokesman.
"The US is promoting its re-industrialization strategy, which creates some pressure for China to attract American investment in some high value added manufacturing sectors."
Shen said China remained one of the most attractive destinations for foreign investment.
In the year to October, foreign investors injected US$44.5 billion in China's services industry, up 20.6 percent from a year earlier.
Tourism, wholesale and retail were the most popular choices, with jumps of 107 percent, 70 percent and 72 percent respectively on an annual basis.
Investment in the manufacturing sector gained 11.6 percent to US$43.5 billion in the first 10 months, while the agricultural industry reported foreign investment of US$1.5 billion, up 5.46 percent from a year earlier.
Meanwhile, China's outbound non-financial foreign direct investment advanced 14.1 percent year on year to US$46.2 billion through October, covering 2,733 foreign companies in 130 countries.
The pace had picked up from the 12.5 percent in the first three quarters, according to ministry figures.
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