FDI in China may rise to US$100b
By Wang Yanlin |
November 6, 2010, Saturday
|
Print Edition
Print Edition
FOREIGN direct investment in China may rise to US$100 billion this year from US$90 billion last year, a senior official said at a forum in Beijing yesterday.
Liu Zuozhang, director-general of the investment promotion agency at the Ministry of Commerce, also said China will continue to welcome foreign investment and this policy will not change.
In the first three quarters of this year, China's FDI climbed 16.6 percent from a year earlier to US$74.3 billion.
In September, FDI swelled 6.14 percent year on year to US$8.38 billion, extending a rising streak for 14 months.
"The prediction is a goal within reach," said Li Maoyu, an analyst at Changjiang Securities Co. "Even if the growth rate may moderate in these two months, the value of investment will stay stable."
In August, the pace of foreign investment in China dropped sharply to an increase of just 1.38 percent from July's 29.1 percent and June's 39.6 percent. The drop occurred under the pressure of a high comparative base and growing concerns over the foreign investment climate, analysts said.
The Chinese government has also pledged to strengthen control over inflows of hot money, or speculative funds, which may lead to China's foreign investment slowing.
The State Administration of Foreign Exchange, the foreign exchange regulator, tightened control last month after more than 190 cases of hot money inflow worth US$7.35 billion had been reported since the beginning of this year.
Liu Zuozhang, director-general of the investment promotion agency at the Ministry of Commerce, also said China will continue to welcome foreign investment and this policy will not change.
In the first three quarters of this year, China's FDI climbed 16.6 percent from a year earlier to US$74.3 billion.
In September, FDI swelled 6.14 percent year on year to US$8.38 billion, extending a rising streak for 14 months.
"The prediction is a goal within reach," said Li Maoyu, an analyst at Changjiang Securities Co. "Even if the growth rate may moderate in these two months, the value of investment will stay stable."
In August, the pace of foreign investment in China dropped sharply to an increase of just 1.38 percent from July's 29.1 percent and June's 39.6 percent. The drop occurred under the pressure of a high comparative base and growing concerns over the foreign investment climate, analysts said.
The Chinese government has also pledged to strengthen control over inflows of hot money, or speculative funds, which may lead to China's foreign investment slowing.
The State Administration of Foreign Exchange, the foreign exchange regulator, tightened control last month after more than 190 cases of hot money inflow worth US$7.35 billion had been reported since the beginning of this year.
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