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FDI falls but shows signs of stabilizing
By Wang Yanlin |
September 20, 2012, Thursday
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Print Edition
Print Edition
Foreign direct investment in China fell 1.43 percent year on year in August, recovering from July's decline of 8.7 percent, the Ministry of Commerce said yesterday.
Last month's US$8.32 billion inbound foreign investment, compared to July's US$7.58 billion, was a sign of stabilization, said Shen Danyang, a ministry spokesman.
"China should strengthen efforts on improving the investment environment and allow foreign companies to participate in more activities to consolidate such a recovery," said Li Maoyu, an analyst at Changjiang Securities Co.
In the first eight months, foreign investors had set up 15,777 new enterprises in China with an investment of US$74.99 billion, a contraction of 3.4 percent from 2011.
Foreign investment in China's manufacturing sector fell 6.66 percent annually to US$33.7 billion during the January-August period, ministry data showed.
Funds flowing into China's service sector were down 1.85 percent to US$35 billion, led by a 9.89 percent cut in foreign investment in the property market. Excluding real estate, investment in the service sector grew 5.31 percent.
US investors reduced their investment by 2.85 percent in the first eight months, in contrast to the 1 percent rise in the months to July.
Shen attributed the fluctuation to the number of deals sealed in any one month, and said US investment would likely remain stable this year.
Capital from the 27-member European Union decreased 4.1 percent during the period, but investment from Germany, France and Netherlands bucked the trend by swelling 27 percent, 14 percent and 3 percent respectively.
Shanghai's inbound foreign direct investment grew 20.9 percent year on year to US$1.6 billion in August, the Shanghai Statistics Bureau said.
The mature market system and skilled workforce - as well as quality projects such as the Disneyland Park - were among the major reasons foreign investors favored the city, analysts said.
In the first eight months, China's non-financial outbound direct investment rose 39.4 percent to US$47.6 billion, a dramatic contrast to last year's 1.8 percent growth. Outbound investment through mergers and acquisitions grew relatively quickly and amounted to US$13.2 billion in the months to August.
Last month's US$8.32 billion inbound foreign investment, compared to July's US$7.58 billion, was a sign of stabilization, said Shen Danyang, a ministry spokesman.
"China should strengthen efforts on improving the investment environment and allow foreign companies to participate in more activities to consolidate such a recovery," said Li Maoyu, an analyst at Changjiang Securities Co.
In the first eight months, foreign investors had set up 15,777 new enterprises in China with an investment of US$74.99 billion, a contraction of 3.4 percent from 2011.
Foreign investment in China's manufacturing sector fell 6.66 percent annually to US$33.7 billion during the January-August period, ministry data showed.
Funds flowing into China's service sector were down 1.85 percent to US$35 billion, led by a 9.89 percent cut in foreign investment in the property market. Excluding real estate, investment in the service sector grew 5.31 percent.
US investors reduced their investment by 2.85 percent in the first eight months, in contrast to the 1 percent rise in the months to July.
Shen attributed the fluctuation to the number of deals sealed in any one month, and said US investment would likely remain stable this year.
Capital from the 27-member European Union decreased 4.1 percent during the period, but investment from Germany, France and Netherlands bucked the trend by swelling 27 percent, 14 percent and 3 percent respectively.
Shanghai's inbound foreign direct investment grew 20.9 percent year on year to US$1.6 billion in August, the Shanghai Statistics Bureau said.
The mature market system and skilled workforce - as well as quality projects such as the Disneyland Park - were among the major reasons foreign investors favored the city, analysts said.
In the first eight months, China's non-financial outbound direct investment rose 39.4 percent to US$47.6 billion, a dramatic contrast to last year's 1.8 percent growth. Outbound investment through mergers and acquisitions grew relatively quickly and amounted to US$13.2 billion in the months to August.
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