China鈥檚 FDI growth bucking trend of global slowdown
Print Edition
China’s foreign direct investment expanded 3.3 percent in December compared with the same month a year earlier, picking up from November’s 2.35 percent and extending growth for the 11th straight month, the Ministry of Commerce said yesterday.
Foreign investors channeled US$12.08 billion into China last month, bringing actual inbound foreign direct investment to US$117.58 billion for 2013, up 5.25 percent on an annual basis.
“China’s performance in attracting foreign investment was much better than the global average in 2013,” said Shen Danyang, a ministry spokesman. “It was thanks to more foreign investment in the services sector, while European countries and the United States raised their input.”
Foreign investment flowing into the services sector jumped 14.15 percent to US$61.4 billion last year, making up 52.3 percent of the overall basket.
During the year, input due from European Union investors rose 18 percent to US$7.2 billion in 2013, while that from the US jumped 7.13 percent to US$3.35 billion.
The group of 10 Asian countries and regions increased their investment in China by 7.09 percent to US$102.5 billion last year, of which Thailand’s input was nearly four times that of the previous year. But Japan’s investment in China decreased 4.28 percent to US$7 billion.
“This year, China will make more efforts on reforms to improve the overall business climate and thus make the country more attractive for foreign investors,” Shen said.
According to a United Nations report in October, the world’s cross-border investments in 2013 were expected to grow at the slowest pace in three years with a volume similar to that of 2012.
In contrast, investment in China remained stable and realized growth of 5.25 percent, which indicated success in maintaining foreign investment, Shen said.
“We are confident that China can continue a healthy FDI growth momentum this year, based on recovering external demand, China’s outstanding comprehensive strength and people’s confidence in the country,” Shen said.
Li Maoyu, an analyst at Changjiang Securities Co, said foreign direct investment may continue to remain stable as the country’s economy is expected to grow steadily this year.
China’s outbound direct investment rose 16.8 percent to US$90.1 billion last year, the ministry said.
Shen said China will strengthen efforts to expand outbound investment through streamlining administrative procedures, upgrading services and providing investors with the latest investment information.
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