Tag Archives: Foreign Direct Investment

FDI rises 6.4 pct despite slowing economy

 

BEIJING, Jan. 14 (Xinhua) — Foreign direct investment (FDI) into the Chinese mainland maintained steady growth in 2015 despite the economic slowdown in the world’s second-largest economy.

FDI, which excludes investment in the financial sector, rose 6.4 percent year on year to 126.27 billion U.S. dollars in 2015, the Ministry of Commerce (MOC) said on Thursday.

Investment in the country’s burgeoning service industry continued robust growth, accounting for 61.1 percent of total flows during the period.

FDI in the manufacturing sector came in at 39.54 billion U.S. dollars, accounting for 31.4 percent of the total. Flow to high-tech manufacturing gained 9.5 percent to 9.41 billion U.S. dollars.

The MOC attributed the growth to the government cutting red tape around investment approvals and accelerating construction of free trade zones.

Foreign mergers and acquisitions in China increased sharply, with their share of total FDI surging from 6.3 percent in 2014 to 14.1 percent in 2015.

The Chinese economy expanded 6.9 percent in the first three quarters of 2015, the lowest reading since the second quarter of 2009.

China is due to release annual growth data next Tuesday.  Enditem

 

 

China FDI inflow rises 1.9 pct in November

   BEIJING, Dec. 11 (Greenpost) — Foreign direct investment (FDI) into the Chinese mainland rose 1.9 percent year on year to 64.9 billion yuan (10.4 billion U.S. dollars) in November, the Ministry of Commerce said Friday.

The growth slowed from a 4.2-percent rise in October.

For the first 11 months, FDI, which excludes investment in the financial sector, stood at 704.3 billion yuan, up 7.9 percent from the same period last year.

Foreign investment in the service industry rose 18.8 percent, with the high-tech service sector seeing a jump of 51.7 percent to 7.23 billion U.S. dollars.

High-tech manufacturing attracted 8.54 billion U.S. dollars of foreign investment during the January-November period, up 11.7 percent and accounting for 23.8 percent of total foreign investment in manufacturing.

Investment from the ASEAN, European Union, Hong Kong, and Macao continued to grow fast, while that from Japan, the United States and Taiwan dropped significantly.

The ministry also noted that more foreign firms invested in China through mergers and acquisitions, which accounted for 14.7 percent of the total FDI in January-October, up from 5.6 percent in the same period last year. Enditem

 

Source Xinhua           Editor Xuefei Chen Axelsson