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BEIJING: China's foreign direct investment inflows rose 5.8 percent in the first 10 months of 2013 from a year ago, extending gains since March and underlining a reviving appetite from global investors as the world's second-largest economy gained traction.
The Commerce Ministry said on Tuesday that China drew $97 billion in foreign direct investment between January and October, with October's inflow up 1.2 percent on year earlier at $8.4 billion.
FDI from the top 10 Asian economies, including Hong Kong, Japan and Singapore, rose 7.2 per cent to $83.6 billion for the ten months.
"We can see that foreign investment from Asian countries, the European Union and the US all kept relatively fast growth in the first 10 months," Commerce Ministry spokesman Shen Danyang told a regular monthly briefing.
Investment from the European Union rose 22.3 percent year-on-year in the first 10 months, while inflows from the United States rose 12.4 percent
FDI is an important gauge of the health of the external economy, to which China's vast factory sector is oriented, but it is a small contributor to overall capital flows compared with exports, which were worth about $2 trillion in 2012.
FDI inflows in China have maintained steady growth every year since the country joined the World Trade Organisation in 2001. Inflows reached a record high of $116 billion in 2011 before dipping slightly to $111.7 billion in 2012.
China's outbound direct investment from non-financial firms between January and October totalled $69.5 billion, up 20 per cent from a year earlier.
The ministry said about 90 per cent of the total outbound investment went to five industries: commercial services, mining, wholesale and retail, manufacturing and construction.
China's outward investment in the real estate sector rose 95 per cent to $1.7 billion, while investment outflows into construction surged 426 percent during ..
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The Commerce Ministry said on Tuesday that China drew $97 billion in foreign direct investment between January and October, with October's inflow up 1.2 percent on year earlier at $8.4 billion.
FDI from the top 10 Asian economies, including Hong Kong, Japan and Singapore, rose 7.2 per cent to $83.6 billion for the ten months.
"We can see that foreign investment from Asian countries, the European Union and the US all kept relatively fast growth in the first 10 months," Commerce Ministry spokesman Shen Danyang told a regular monthly briefing.
Investment from the European Union rose 22.3 percent year-on-year in the first 10 months, while inflows from the United States rose 12.4 percent
FDI is an important gauge of the health of the external economy, to which China's vast factory sector is oriented, but it is a small contributor to overall capital flows compared with exports, which were worth about $2 trillion in 2012.
FDI inflows in China have maintained steady growth every year since the country joined the World Trade Organisation in 2001. Inflows reached a record high of $116 billion in 2011 before dipping slightly to $111.7 billion in 2012.
China's outbound direct investment from non-financial firms between January and October totalled $69.5 billion, up 20 per cent from a year earlier.
The ministry said about 90 per cent of the total outbound investment went to five industries: commercial services, mining, wholesale and retail, manufacturing and construction.
China's outward investment in the real estate sector rose 95 per cent to $1.7 billion, while investment outflows into construction surged 426 percent during ..
Read more at: