Investment in China continues to grow
Print Edition
China’s foreign direct investment expanded 2.35 percent from a year earlier to US$8.48 billion in November, extending growth momentum for a 10th consecutive month, the Ministry of Commerce said yesterday.
It rose 1.24 percent in October and 4.88 percent in September.
In the first 11 months, inbound foreign direct investment amounted to US$105.5 billion, up 5.48 percent on an annual basis.
“China’s foreign direct investment growth is stable,” said Shen Danyang, a ministry spokesman. “The country remains an attractive destination for foreign investors due to its comprehensive strength in investment climate and mature operations.”
Foreign investment flowing into China’s services sector jumped 14.04 percent year on year to US$54.2 billion in the first 11 months, while investment in manufacturing lost 5.71 percent to US$41.46 billion and agriculture saw a decline of 12.01 percent to US$1.56 billion.
The group of 10 Asian countries and regions raised their investments in China by 7.45 percent to US$91.4 billion during the January-November period, among which Thailand’s input surged more than four times from a year earlier, official data showed.
The amount of money coming from the United States jumped 8.6 percent to US$3.16 billion during the period, and European Union investors increased their input by 17 percent to US$6.8 billion.
China’s outbound direct investment surged 28.3 percent to US$80.2 billion in the first 11 months, indicating Chinese investors’ desire to globalize their businesses, Shen said.
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