China to remain attractive to foreign investors
August 29, 2011 Category Foreign investment, Weekly
China will remain the most attractive investment destination over the next two years, the United Nations Conference on Trade and Development (UNCTAD) said, particularly to sectors such as services and high-technology. FDI jumped 18.6% year-on-year in the first seven months to USD69.2 billion. Foreign investors set up about 15,600 new projects during the first seven months, up nearly 8% from the same period of last year. In 2010, FDI in China surged by 17.4% from last year to USD105.7 billion, the first time the figure exceeded USD100 billion, compared with a decline of 2.6% year-on-year in 2009, data from the Ministry of Commerce (MOFCOM) showed. FDI to the service sector jumped by 28.6% to USD48.7 billion in 2010, accounting for 46.1% of China’s total figure. The manufacturing sector absorbed USD49.6 billion during the same year, up 6% year-on-year. Geographically, the FDI growth rate in Central China registered the most notable increase, surging by 28.6% year-on-year to USD9.02 billion. West China has seen an increase of 26.9% year-on-year, while the country’s eastern region showed an increase of 15.8% from 2009.
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