Statistics

China's FDI up 38.17% in November

(Xinhua)
Updated: 2010-12-15 13:03
Large Medium Small

China's FDI up 38.17% in November

BEIJING - Foreign direct investment (FDI) into China rose for the 16th consecutive month to hit $9.704 billion in November, indicating that China remains a favored investment destination.

Inbound FDI increased 38.17 percent year-on-year in November, the Ministry of Commerce (MOC) said Wednesday.

The November figure brings inbound FDI for the first 11 months to $91.707 billion, a year-on-year increase of 17.73 percent.

Related readings:
China's FDI up 38.17% in November China to curb hot money inflows disguised as FDI
China's FDI up 38.17% in November China's FDI up 7.86% in October
China's FDI up 38.17% in November China's FDI to hit $420b in '11th Five-Year Plan' period
China's FDI up 38.17% in November China's Sept FDI hits $8.4b, up 6.1% y-o-y

MOC spokesman Yao Jian said at a press conference that FDI had become more evenly spread through the economy in 2010 and the country would attract about $100 billion in FDI this year.

In the first 11 months of the year, the services sector received $41.14 billion of FDI, up 29.3 percent from a year earlier. While FDI inflows in the manufacturing sector rose 6.2 percent to $43.99 billion.

Foreign direct investment in the manufacturing industry accounted for 47.96 percent of the total in the first 11 months, compared with 53.15 percent in the same period last year.

Yao also said the growth of FDI inflows to the western region was higher than the national average. The western region attracted $6.717 billion of FDI in the first 11 months, a year-on-year increase of 38.98 percent. Investment growth in the eastern region was 16.2 percent and the central region 18.4 percent.