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Foreign investment in China picks up pace, expands 5.25% in 2013
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CHINA’S foreign direct investment expanded 3.3 percent from a year earlier in December, picking up from the pace of 2.35 percent in November and extending the growth momentum for an 11th consecutive month, the Ministry of Commerce said today.
Foreign investors channeled US$12.08 billion into China last month, enabling China's inbound foreign direct investment to reach 117.58 billion in 2013, up 5.25 percent on an annual basis.
"China's performance in attracting foreign investment was much better than the global average in 2013," said Shen Danyang, a spokesman at the ministry. "This year, China will make more efforts at reforms to improve the overall business climate and thus make the country more attractive for foreign investors."
According to a report released by the United Nations in October, the world's cross-border investment in 2013 was expected to grow at the slowest pace in three years, with the volume similar to that of 2012.
In contrast, China's FDI remained stable and realized 5.25 percent growth.
Shen said the ministry was confident that China can continue a healthy FDI growth momentum this year, based on recovering external demand, China's outstanding comprehensive strength and people's confidence in the country.
Meanwhile, China's outbound direct investment rose 16.8 percent to US$90.1 billion last year, indicating Chinese investors' strong enthusiasm of globalizing their businesses, the ministry said.
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