FDI forecast to maintain steady expansion
Print Edition
FOREIGN direct investment in China is expected to maintain steady growth this year due to robust inflows in western regions, the Ministry of Commerce said yesterday.
“It may not increase very fast but will maintain the growth momentum seen last year and in the first quarter of this year,” said Shen Danyang, a spokesman for the ministry.
Investment in western regions rose 42.5 percent year on year to 21.3 billion yuan (US$3.3 billion), outpacing the nationwide figure, he said.
Opportunities in the services sector and a low comparative base drove the surge, he said.
For China as a whole, foreign direct investment in the first three months rose 4.5 percent from a year earlier to 224.2 billion yuan, while the figure for March alone was 7.8 percent.
There was also significant activity in the mergers and acquisitions market in the January-March period, Shen said.
Foreign direct investment in the form of M&As increased by 32.6 percent year on year in the quarter to US$7.8 billion, or 22.7 percent of the total figure, up from 17.9 percent a year earlier, he said.
Foreign investors in the M&A sector remained active in the period, Shen said, dismissing a recent report by accounting firm KPMG, which claimed inbound deals fell last year.
The total number of foreign-invested M&A deals in 2015 rose 14.4 percent year on year to 1,466, with realized investment soaring 137 percent to 17.8 billion, he said.
The Chinese government continues to welcome foreign investment through M&As, the spokesman added.
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