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Capital inflow ebbs 3.7% in 2012, first drop in three years
By Wang Yanlin |
January 16, 2013, Wednesday
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Online Edition
Online Edition
Foreign direct investment in China fell 3.7 percent from a year earlier to US$111.7 billion in 2012, the first drop in three years, the Ministry of Commerce said this morning.
In December alone, China attracted US$11.7 billion capital from overseas, down 4.5 percent on an annual basis and extending the losing streak for a seventh straight month.
Shen Danyang, a spokesman at the ministry, said the outflow of foreign investment in manufacturing was one of the reasons for less foreign investment last year.
"But China has been the most attractive destination for foreign investment among developing countries in the past 20 years, and remained so in 2012," Shen said.
He reiterated that China welcomes foreign investors and will continue to improve the overall environment for foreign investment.
Bucking the national trend of falling foreign investment, Shanghai absorbed a record amount of foreign capital last year, 20.5 percent more than in 2011.
In December alone, China attracted US$11.7 billion capital from overseas, down 4.5 percent on an annual basis and extending the losing streak for a seventh straight month.
Shen Danyang, a spokesman at the ministry, said the outflow of foreign investment in manufacturing was one of the reasons for less foreign investment last year.
"But China has been the most attractive destination for foreign investment among developing countries in the past 20 years, and remained so in 2012," Shen said.
He reiterated that China welcomes foreign investors and will continue to improve the overall environment for foreign investment.
Bucking the national trend of falling foreign investment, Shanghai absorbed a record amount of foreign capital last year, 20.5 percent more than in 2011.
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