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China's FDI swells 15.21% to US$8.46b in April
By Wang Yanlin |
May 17, 2011, Tuesday
|
Online Edition
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FOREIGN direct investment in China increased 15.21 percent from a year earlier to US$8.46 billion in April, the Ministry of Commerce said today.
The pace eased from March's surge of 32.9 percent, but it was still fast, analysts said.
With the United States quantitative easing policies ending next month, China may see less speedy inflow of foreign investment, they said.
Between January and April, foreign investment gained 26.03 percent year-on-year to US$38.8 billion.
"Judging from the data in the first four months, China remains an attractive destination for foreign investment," said Xu Weihong, an analyst at the Guodu Securities Co. "It is based on China's stable political climate, fast economic growth, improved business environment and the lure of a vast domestic market."
With China relying more on domestic consumption to drive the economy, more foreign investment has been channeled to the services sector. Through April, foreign investors pumped US$18.2 billion into China's services industry, up 31.2 percent from a year earlier and accounting for 47 percent of the total value.
Shanghai's foreign direct investment in services weighed nearly 90 percent of April's US$1.2 billion foreign fund input, the Shanghai Statistics Bureau said earlier.
While foreign investment is steadily flowing into China, the country's outbound foreign investment also grew quickly.
In the first four months, China's outbound non-financial foreign direct investment expanded 17.5 percent from a year ago to US$13.4 billion, compared with 13.2 percent in the first quarter. Merger and acquisition have become a major way of China's outbound investment, the ministry said.
The pace eased from March's surge of 32.9 percent, but it was still fast, analysts said.
With the United States quantitative easing policies ending next month, China may see less speedy inflow of foreign investment, they said.
Between January and April, foreign investment gained 26.03 percent year-on-year to US$38.8 billion.
"Judging from the data in the first four months, China remains an attractive destination for foreign investment," said Xu Weihong, an analyst at the Guodu Securities Co. "It is based on China's stable political climate, fast economic growth, improved business environment and the lure of a vast domestic market."
With China relying more on domestic consumption to drive the economy, more foreign investment has been channeled to the services sector. Through April, foreign investors pumped US$18.2 billion into China's services industry, up 31.2 percent from a year earlier and accounting for 47 percent of the total value.
Shanghai's foreign direct investment in services weighed nearly 90 percent of April's US$1.2 billion foreign fund input, the Shanghai Statistics Bureau said earlier.
While foreign investment is steadily flowing into China, the country's outbound foreign investment also grew quickly.
In the first four months, China's outbound non-financial foreign direct investment expanded 17.5 percent from a year ago to US$13.4 billion, compared with 13.2 percent in the first quarter. Merger and acquisition have become a major way of China's outbound investment, the ministry said.
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