Foreign investment in China rises by 6.2% year-on-year in first nine months
AFPBEIJING--Foreign investment in China rose 6.2 percent year-on-year in the first nine months of 2013, the government said Thursday.
October 18, 2013, 12:05 am TWN
However, while the commerce ministry said Chinese investment overseas had increased sharply over the first nine months of the year, the amount of cash going to Japan had almost halved.
Beijing said Foreign Direct Investment (FDI), which excludes financial sectors, reached US$88.6 billion for January-September.
For September alone FDI climbed 4.9 percent to US$8.84 billion, well up from the 0.62 percent rise seen in August.
But the figure is a sharp slowdown from 24.13 percent seen in July and 20.12 percent in June.
The amount of money coming from the European Union rose 23 percent year-on-year to US$5.94 billion, while from the United States it increased 21.3 percent to US$2.88 billion.
The vast majority, however, comes from a group of 10 Asian countries and regions including Hong Kong, Taiwan, Japan, Thailand and Singapore. FDI from the region jumped 7.5 percent to US$76.3 billion in January-September.