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Foreign investment up again
By Wang Yanlin |
April 18, 2013, Thursday
|
Online Edition
Online Edition
FOREIGN direct investment in China rose for the second month in a row in March, the Ministry of Commerce said this morning.
The United States and European countries have been channeling more funds into the country, figures showed.
Foreign investors put US$12.4 billion into China last month - up 5.65 percent from a year earlier.
The increase rate slowed slightly from the 6.32 percent rise in February.
In contrast, in January there was a fall of 7.3 percent.
Commerce Ministry Spokesman Shen Danyang said China's inbound foreign investment has stabilized in the past two months due to the country's ongoing economic recovery.
"China's comprehensive business environment has been greatly improved, and we now value the quality of investment more than its quantity," Shen said.
China attracted a total of US$29.9 billion foreign investment in the first quarter - up 1.44 percent annually.
During the January-March period, investment from the US jumped 18.5 percent to US$1.05 billion.
The 27-member European Union also raised its input in China to US$2.06 billion, a whopping 45-percent surge, partly due to a low comparative base a year earlier.
Meanwhile, China's outbound direct investment expanded 44 percent to US$23.8 billion in the first three months, indicating Chinese investors' enthusiasm for globalizing their business.
To bolster bilateral business cooperation, this year's China International Fair for Investment and Trade will be held in Xiamen, Fujian Province, from September 8 to 11.
The fair is the world's largest investment fair certified by the Union of International Fairs.
The United States and European countries have been channeling more funds into the country, figures showed.
Foreign investors put US$12.4 billion into China last month - up 5.65 percent from a year earlier.
The increase rate slowed slightly from the 6.32 percent rise in February.
In contrast, in January there was a fall of 7.3 percent.
Commerce Ministry Spokesman Shen Danyang said China's inbound foreign investment has stabilized in the past two months due to the country's ongoing economic recovery.
"China's comprehensive business environment has been greatly improved, and we now value the quality of investment more than its quantity," Shen said.
China attracted a total of US$29.9 billion foreign investment in the first quarter - up 1.44 percent annually.
During the January-March period, investment from the US jumped 18.5 percent to US$1.05 billion.
The 27-member European Union also raised its input in China to US$2.06 billion, a whopping 45-percent surge, partly due to a low comparative base a year earlier.
Meanwhile, China's outbound direct investment expanded 44 percent to US$23.8 billion in the first three months, indicating Chinese investors' enthusiasm for globalizing their business.
To bolster bilateral business cooperation, this year's China International Fair for Investment and Trade will be held in Xiamen, Fujian Province, from September 8 to 11.
The fair is the world's largest investment fair certified by the Union of International Fairs.
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