Bumper FDI in pipeline again
By Wang Yanlin |
July 28, 2011, Thursday
|
Print Edition
Print Edition
CHINA may receive foreign direct investment that could exceed US$100 billion again this year, a senior official said yesterday.
"If it (FDI) maintains the growth pace seen in the first half, it may exceed US$100 billion again and outgrow last year's amount," Yu Jianhua, assistant minister of commerce, said at a press conference.
In the first six months, FDI in China increased 18.4 percent from a year earlier to US$60.8 billion. However, the growth rate in June eased sharply to 2.83 percent from May's 13.4 percent, and was the weakest in nearly a year. Fewer funds from the United States and Europe were cited as a main reason for the slowdown.
Yao Jian, a spokesman for the Ministry of Commerce, said earlier this month that the inflow of foreign investments has been stable so far this year.
Last year, FDI in China amounted to US$105.7 billion, an increase of 17.4 percent on an annual basis. It was the first time that China's FDI surpassed US$100 billion.
China was also 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 a year earlier and there is still potential for the country to move higher on the ranking, according to a report by the United Nations Conference on Trade and Development.
"If it (FDI) maintains the growth pace seen in the first half, it may exceed US$100 billion again and outgrow last year's amount," Yu Jianhua, assistant minister of commerce, said at a press conference.
In the first six months, FDI in China increased 18.4 percent from a year earlier to US$60.8 billion. However, the growth rate in June eased sharply to 2.83 percent from May's 13.4 percent, and was the weakest in nearly a year. Fewer funds from the United States and Europe were cited as a main reason for the slowdown.
Yao Jian, a spokesman for the Ministry of Commerce, said earlier this month that the inflow of foreign investments has been stable so far this year.
Last year, FDI in China amounted to US$105.7 billion, an increase of 17.4 percent on an annual basis. It was the first time that China's FDI surpassed US$100 billion.
China was also 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 a year earlier and there is still potential for the country to move higher on the ranking, according to a report by the United Nations Conference on Trade and Development.
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