China's FDI sees small expansion

By Wang Yanlin | November 19, 2013, Tuesday |

Online Edition

CHINA'S foreign direct investment expanded 1.24 percent from a year earlier to US$8.42 billion, the Ministry of Commerce said this morning.

The pace in October slowed from the increase of 4.88 percent in September but was still faster than August's gain of 0.62 percent.

In the first 10 months, China's inbound foreign direct investment amounted to US$97 billion, up 5.77 percent on an annual basis.

Investment from a group of 10 Asian countries and regions increased 7.18 percent to US$83.6 billion in the first 10 months, among which Thailand's input surged nearly five times from a year earlier, the official data showed.

The amount of money coming from the United States jumped 12.4 percent to US$3.03 billion during the January-October period, while European Union investors raised their input by 22 percent to US$6.4 billion.

Meanwhile, China's outbound direct investment surged 20 percent to US$69.5 billion in the first 10 months, indicating Chinese investors' strong enthusiasm for globalizing their businesses, the ministry said.

China became the world's third-largest investor for the first time in 2012, with its outbound investment increasing 17.6 percent annually to US$87.8 billion last year when world investors reduced their investments by 17 percent.

Economy

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China's FDI sees small expansion

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