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China FDI down 5.4% in November, falling for 6th month
By Wang Yanlin |
December 18, 2012, Tuesday
|
Online Edition
Online Edition
Foreign direct investment in China fell 5.4 percent from a year earlier in November, widening from October's drop of 0.24 percent, the Ministry of Commerce said this morning.
The total value of overseas investment stood at US$8.29 billion, the sixth consecutive month of year-on-year decline.
In the first 11 months, foreign investors channeled a total of US$100 billion into China, down 3.6 percent on an annual basis.
The manufacturing sector absorbed US$43.9 billion foreign investment during the period, contracting 7.1 percent annually.
Funds flowing into the service sector dropped 2.5 percent to US$47.5 billion, led by an 8.3 percent cut in investment in the property market. Excluding real estate, investment in the service sector grew 2.8 percent.
Capital from the 27-member European Union fell 2.9 percent during January-November, but investment from Germany, the Netherlands and Switzerland bucked the trend by swelling 25.8 percent, 49.5 percent and 58.5 percent, respectively.
Investment from Japan rose 11.3 percent to US$6.6 billion, and the United States also raised its investment to US$2.9 billion, up 6.3 percent.
China's non-financial outbound direct investment climbed 25 percent to US$62.5 billion in the first 11 months. Domestic investors pumped money into 3,596 overseas companies in 130 countries and regions.
The total value of overseas investment stood at US$8.29 billion, the sixth consecutive month of year-on-year decline.
In the first 11 months, foreign investors channeled a total of US$100 billion into China, down 3.6 percent on an annual basis.
The manufacturing sector absorbed US$43.9 billion foreign investment during the period, contracting 7.1 percent annually.
Funds flowing into the service sector dropped 2.5 percent to US$47.5 billion, led by an 8.3 percent cut in investment in the property market. Excluding real estate, investment in the service sector grew 2.8 percent.
Capital from the 27-member European Union fell 2.9 percent during January-November, but investment from Germany, the Netherlands and Switzerland bucked the trend by swelling 25.8 percent, 49.5 percent and 58.5 percent, respectively.
Investment from Japan rose 11.3 percent to US$6.6 billion, and the United States also raised its investment to US$2.9 billion, up 6.3 percent.
China's non-financial outbound direct investment climbed 25 percent to US$62.5 billion in the first 11 months. Domestic investors pumped money into 3,596 overseas companies in 130 countries and regions.
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