News & Reports News Year 2011 July , 2011 China's FDI up 18.4% in H1

China's FDI up 18.4% in H1

China's foreign direct investment (FDI) rose by 18.4 percent year-on-year to US$60.89 billion in the first half of this year, Yao Jian, spokesman for the Ministry of Commerce (MOC) said today.
In June alone, China's FDI rose 2.83 percent from one year earlier to US$12.86 billion, Yao said at a regular press conference.
The growth rate had slowed for three consecutive months, and the June figure was 10.3 percentage points lower than that of May.
China approved 2,919 foreign-invested companies to start business operations in June, up 6.57 percent from the same month last year.
A total of 13,462 foreign firms received approvals to start operations in the first half, up 8.77 percent year-on-year, he said.
Capital inflows from 10 Asian nations and regions, including Japan, Thailand, Singapore, climbed 23.88 percent in the first half to US$52.53 billion, while investment from the European Union rose 1.17 percent to reach US$3.46 billion during the same period.
However, the United States continue to slow its direct investment pace in the world's second-largest economy.
FDI from the US fell 22.32 percent to US$1.68 billion in comparison to the same period last year, Yao said, adding that the US investment in other emerging markets, including Brazil and India, also dropped during the same period.
Furthermore, the growth rate in FDI in China's economically-developed east regions was slower than those in the country's central and western areas during the first half.
East China attracted US$51.8 billion of FDI, up 16.09 percent year-on-year, compared with the 31.78-percent increase in the central regions and 35.18-percent rise in the western areas, Yao said.Chinese companies invested US$23.9 billion in non-financial sectors in 117 countries and regions during the first half, up 34 percent year-on-year.
About US$9 billion, or 37.7 percent of China's total outbound direct investments, were channeled into company mergers over the same period, he said.
Source: Shanghai Daily.com
China's foreign direct investment (FDI) rose by 18.4 percent year-on-year to US$60.89 billion in the first half of this year, Yao Jian, spokesman for the Ministry of Commerce (MOC) said today.In June alone, China's FDI rose 2.83 percent from one year earlier to US$12.86 billion, Yao said at a regular press conference.
The growth rate had slowed for three consecutive months, and the June figure was 10.3 percentage points lower than that of May.
China approved 2,919 foreign-invested companies to start business operations in June, up 6.57 percent from the same month last year.
A total of 13,462 foreign firms received approvals to start operations in the first half, up 8.77 percent year-on-year, he said.
Capital inflows from 10 Asian nations and regions, including Japan, Thailand, Singapore, climbed 23.88 percent in the first half to US$52.53 billion, while investment from the European Union rose 1.17 percent to reach US$3.46 billion during the same period.
However, the United States continue to slow its direct investment pace in the world's second-largest economy.
FDI from the US fell 22.32 percent to US$1.68 billion in comparison to the same period last year, Yao said, adding that the US investment in other emerging markets, including Brazil and India, also dropped during the same period.Furthermore, the growth rate in FDI in China's economically-developed east regions was slower than those in the country's central and western areas during the first half.East China attracted US$51.8 billion of FDI, up 16.09 percent year-on-year, compared with the 31.78-percent increase in the central regions and 35.18-percent rise in the western areas, Yao said.Chinese companies invested US$23.9 billion in non-financial sectors in 117 countries and regions during the first half, up 34 percent year-on-year.About US$9 billion, or 37.7 percent of China's total outbound direct investments, were channeled into company mergers over the same period, he said.
Source: Shanghai Daily.com