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FDI up 9.7% in 2011, US capital down 26%
By Wang Yanlin |
January 18, 2012, Wednesday
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Online Edition
Online Edition
Foreign direct investment in China rose 9.7 percent in 2011 to a record US$116 billion, though it fell for a second month in December, the Ministry of Commerce said today.
Foreign investors channeled US$12.2 billion into China last month, a 12.7 percent decrease year-on-year, while the drop in November was 9.7 percent.
Investment from the United States and euro-zone countries dwindled substantially. Last year, US firms injected only US$2.9 billion of non-financial direct funds into China, down 26 percent from a year earlier. Capital from the 27-member European Union declined 3.65 percent to US$6.3 billion.
With Europe mired in a worsening debt crisis and the US busy with its reindustrialization strategy, foreign direct investment fell further in December, but capital from the EU still edged up 0.29 percent in the 11 months. That from the US shrank by 23 percent.
Foreign investors channeled US$12.2 billion into China last month, a 12.7 percent decrease year-on-year, while the drop in November was 9.7 percent.
Investment from the United States and euro-zone countries dwindled substantially. Last year, US firms injected only US$2.9 billion of non-financial direct funds into China, down 26 percent from a year earlier. Capital from the 27-member European Union declined 3.65 percent to US$6.3 billion.
With Europe mired in a worsening debt crisis and the US busy with its reindustrialization strategy, foreign direct investment fell further in December, but capital from the EU still edged up 0.29 percent in the 11 months. That from the US shrank by 23 percent.
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