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China's FDI dips 0.24% in October
By Wang Yanlin |
November 20, 2012, Tuesday
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Online Edition
Online Edition
FOREIGN direct investment in China fell 0.24 percent year on year in October, narrowing from a decrease of 6.8 percent in September, the Ministry of Commerce said this morning.
The US$8.31 billion FDI inflow registered in October marked the fifth consecutive month of decline in overseas investment.
In the first 10 months, foreign investors channeled a total of US$91.7 billion to China, down 3.45 percent on an annual basis.
"It is still too early to call a recovery in China's foreign investment, although the overall economy has shown signs of stabilization," said Li Maoyu, an analyst at Changjiang Securities Co. "The eurozone debt crisis is far from being over and the economic recovery in the United States remains weak. They will keep investors cautious about new investment."
Li suggested that China should step up efforts to improve its investment environment and allow foreign companies to broaden their businesses.
Ministry spokesman Shen Danyang said foreign investment in China is now in a phase of adjustment and will regain growth momentum in the near future as China still has some advantages such as a large consumer market, lower labor cost, more skilled workforce and an increasingly transparent investment environment.
Foreign investment in China's manufacturing sector fell 7.3 percent annually to US$40.4 billion in the first 10 months, the ministry data showed.
Funds flowing into the service sector decreased 1.8 percent to US$43.7 billion, led by a 6.1 percent fall of foreign funds in China's property market. Excluding real estate, investment in the service sector still expanded 2.1 percent.
Capital from the 27-member European Union shrank 5 percent during the January-October period, but investment from Germany, Netherlands and Switzerland rose 28.1 percent, 51.2 percent and 75.8 percent respectively.
American investors raised their stakes in China by 5.3 percent during the period, improving from a 0.6 percent drop in the first three quarters.
In October, Shanghai's inbound foreign direct investment grew 14.6 percent year on year to US$1.21 billion against a national trend of dwindling FDI.
In the first 10 months, China's non-financial outbound direct investment climbed 25.8 percent to US$58.1 billion, up dramatically from last year's growth of 1.8 percent.
The US$8.31 billion FDI inflow registered in October marked the fifth consecutive month of decline in overseas investment.
In the first 10 months, foreign investors channeled a total of US$91.7 billion to China, down 3.45 percent on an annual basis.
"It is still too early to call a recovery in China's foreign investment, although the overall economy has shown signs of stabilization," said Li Maoyu, an analyst at Changjiang Securities Co. "The eurozone debt crisis is far from being over and the economic recovery in the United States remains weak. They will keep investors cautious about new investment."
Li suggested that China should step up efforts to improve its investment environment and allow foreign companies to broaden their businesses.
Ministry spokesman Shen Danyang said foreign investment in China is now in a phase of adjustment and will regain growth momentum in the near future as China still has some advantages such as a large consumer market, lower labor cost, more skilled workforce and an increasingly transparent investment environment.
Foreign investment in China's manufacturing sector fell 7.3 percent annually to US$40.4 billion in the first 10 months, the ministry data showed.
Funds flowing into the service sector decreased 1.8 percent to US$43.7 billion, led by a 6.1 percent fall of foreign funds in China's property market. Excluding real estate, investment in the service sector still expanded 2.1 percent.
Capital from the 27-member European Union shrank 5 percent during the January-October period, but investment from Germany, Netherlands and Switzerland rose 28.1 percent, 51.2 percent and 75.8 percent respectively.
American investors raised their stakes in China by 5.3 percent during the period, improving from a 0.6 percent drop in the first three quarters.
In October, Shanghai's inbound foreign direct investment grew 14.6 percent year on year to US$1.21 billion against a national trend of dwindling FDI.
In the first 10 months, China's non-financial outbound direct investment climbed 25.8 percent to US$58.1 billion, up dramatically from last year's growth of 1.8 percent.
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