tag:blogger.com,1999:blog-16579934.post3628851420627669962..comments2024-03-18T21:16:20.987+08:00Comments on Think Positive: China foreign inflows drop in DecemberGuanyuhttp://www.blogger.com/profile/03622336318754833240noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-16579934.post-9634623033927319982012-01-18T19:55:07.973+08:002012-01-18T19:55:07.973+08:00China foreign inflows drop in December
Reuters in...China foreign inflows drop in December<br /><br />Reuters in Beijing<br />18 January 2012<br /><br />Foreign direct investment in China rose 9.7 per cent last year to a record US$116 billion, though December’s inflow of US$12.24 billion was down 12.7 per cent versus year-ago levels, the Commerce Ministry said on Wednesday.<br /><br />It was the second consecutive month that China’s non-financial foreign direct investment (FDI) fell versus year-ago levels, signalling that once unabated capital flow into the world’s second-biggest economy is stuttering.<br /><br />FDI inflows from the United States sank 26.1 per cent last year to US$3.0 billion, while those from the European Union fell a more modest 3.65 per cent to US$6.3 billion, the Commerce Ministry said.<br /><br />China’s non-financial outbound direct investments, meanwhile, rose 1.8 per cent last year to US$60.1 billion, taking the outstanding value of China’s outbound investments to US$322 billion by the end of the year.<br /><br />In last year alone, China invested in 1,392 overseas projects in 132 countries.<br /><br />“China’s investments in Europe and Africa were particularly strong last year,” Shen Danyang, the spokesman of Ministry of Commerce, told a regular news conference.<br /><br />That outward investment strength comes as inward investments cooled sharply in the closing months of last year - a distinct difference to the situation in 2010.<br /><br />FDI inflow in December 2010 grew 15.6 per cent at an annual rate to US$14 billion, a record for any single month, and helped push overall flows for 2010 up 17 per cent to US$105.7 billion.<br /><br />The deceleration from that high level might well have been expected in December last year, but it came after China reported a 9.8 per cent year-on-year decline in November. That was the first fall in 28 months.<br /><br />Shen said general global economic weakness had restrained both inward and outward investments last year, but added that China should report “relatively fast” growth in both areas this year.<br /><br />The Commerce Ministry said earlier this month it aimed to attract an average of US$120 billion FDI in each of the next four years.<br /><br />It also unveiled new rules to encourage foreign investment in strategic emerging industries, particularly those that bring new technology and know-how to China.<br /><br />Investment inflows, which surged in the years after China joined the World Trade Organisation in 2001, have recovered strongly after being hit hard by the global economic slowdown in 2008/09.Guanyuhttps://www.blogger.com/profile/03622336318754833240noreply@blogger.com