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Foreign direct investment expands for 10th straight month
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CHINA’S foreign direct investment expanded 2.35 percent from a year earlier to US$8.48 billion in November, extending the growth momentum for the 10th month, the Ministry of Commerce said this morning.
The pace picked up from the increase of 1.24 percent in October but was down from September's 4.88 percent.
In the first 11 months, China's inbound foreign direct investment amounted to US$105 billion, up 5.48 percent on an annual basis.
"China's foreign direct investment growth is stable," said Shen Danyang, a spokesman at the ministry. "The country remains an attractive destination for foreign investors due to its comprehensive strength in investment climate and mature operations."
In the full-version report of the Third Plenary Session of the 18th Chinese Communist Party Central Committee released last month, the country promised to further open up its economy.
It will support orderly relaxation of services sectors to foreign investment including finance, education, culture and medical industries.
The ministry will also encourage multinational companies to set up regional headquarters, research and development centers, sourcing centers and centers of auditing in China, while the country will support the introduction of senior professionals in technology and management.
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