Slower FDI growth recorded
July 18, 2011 Category Foreign investment, Weekly
Foreign direct investment (FDI) in China rose 2.83% from a year earlier to USD12.8 billion in June, the weakest growth rate since last August. It compared with May’s 13.4% and April’s 15.2%. There were signs that American and European businesses had lowered their investments in China. In the first six months, investors from the U.S. channeled USD1.67 billion into China, 22.3% less than a year earlier. European Union countries invested a combined USD3.46 billion during the period, up 1.17% year on year. Last year, out-bound foreign investment from the EU dropped 62%, while the U.S. also cut its input in emerging markets. Between January and June, direct foreign investment in China increased 18.4% from a year earlier to USD60.8 billion. A total of 13,462 foreign-invested companies received permission to start business operations in the first half, up 8.77% year on year. Meanwhile, China’s non-financial outbound foreign direct investment gained 34% annually to USD23.9 billion in the year through June.
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