China’s FDI rebounds in Sept after two-month decline

By Wang Yanlin | October 16, 2014, Thursday |

Online Edition

CHINA'S foreign direct investment rebounded in September, ending a two-month contraction and indicating returned investor confidence in the world's second-largest economy, the Ministry of Commerce said today.

Foreign investors channeled a total of US$9.01 billion of funds into China last month, up 1.9 percent from a year earlier. The growth, which was the fastest since April, reversed the drop of 14 percent in August and the fall of 16.9 percent in July.

In the first three quarters, China's foreign investment still decreased 1.4 percent to US$87.3 billion with 17,247 new foreign ventures being established on the Chinese mainland.

Shen Danyang, a spokesman at the ministry, said the majority of multinational companies remained confident in China due to its stable social conditions, a massive domestic market, skillful labor and good infrastructure.

"China has fostered a strong comprehensive competitiveness," Shen said. "It remains the world's most attractive market for foreign investment and was also the fastest-growing market."

Shen denied the withdrawal of large amount of foreign investment and said the deepening of various reforms will improve China's production efficiency and help further strengthen investor confidence.

Meanwhile, China's outbound direct investment expanded 21.6 percent to US$74.9 billion during the January-September period, with the investment in September nearly doubling that of a year earlier.

China's outbound investment in the European Union jumped 218 percent year on year in the first nine months, and that in Japan also expanded 150 percent.

Economy

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China’s FDI rebounds in Sept after two-month decline

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