Chinese investments in US, Russia see big jump
By John Liu ,The China Post
January 17, 2014, 12:09 am TWN
TAIPEI, Taiwan -- China's foreign direct investments in the U.S. and Russia grew 125 percent and 518.2 percent last year compared with the previous year, while investments in Japan dropped 23.5 percent, according to a report released by China's Ministry of Commerce yesterday.
China made foreign direct investments in 5,090 businesses in 156 countries around the globe, the ministry said, adding that Chinese businesses made a total of US$32.97 billion worth of investments in 2013, which was a 16.9 percent growth year-on-year.
China's investment in Hong Kong, the European Union and Japan declined 6 percent, 13.6 percent and 23.5 percent, respectively. However, investment in most other countries grew substantially. China's invested US$4.08 billion, US$4.23 billion, US$3.94 billion and US$5.74 billion in Russia, the U.S., Australia and ASEAN-6 countries, respectively, representing 518.2 percent, 125 percent, 82.4 percent and 29.9 percent growth.
In terms of China's investment targets, the service industry received US$29.45 billion worth of investments, while the mining industry received US$20.16 billion, the wholesale and retail sector received US$13.67 billion, the manufacturing sector received US$8.68 billion, the construction sector received US$6.53 billion and the transportation sector received US$2.5 billion.
China made US$90.17 billion worth of direct investment in the non-finance sector in 2013, which constitutes a 16.8-percent growth year-on-year.
Two industries, construction as well as the culture, sports and recreation industry, saw the highest growth in terms of investment amount. The two industries grew 129.1 percent and 102.2 percent respectively.
The mining industry, the wholesale and retail industry, the manufacturing industry and the real estate industry also witnessed faster growth in 2013.
China completed US$137.14 billion worth of foreign contract work in 2013, which was a 17.6-percent growth. China also signed US$171.63 billion worth of new contracts last year, a 9.6-percent growth.