arabtoday
Last Updated : GMT 09:57:19
Arab Today, arab today
Arab Today, arab today

FDI surge reflects confidence in China economy

Arab Today, arab today

Arab Today, arab today FDI surge reflects confidence in China economy

Beijing - XINHUA

Foreign direct investment (FDI) into the Chinese mainland rose 16.11 percent year on year in January to reach 10.76 billion U.S. dollars, underlining investor confidence in China's economic outlook. The growth rate marked a surge from the 3.3-percent increase in December, data from the Ministry of Commerce showed on Tuesday. "The double-digit growth provided the most solid and convincing response to doubts such as whether China still has a favorable investment environment and whether foreign investors are confident in China's economic prospects," said Shen Danyang, the ministry's spokesman. The ministry said FDI from 10 major Asian economies climbed 22.16 percent to 9.55 billion U.S. dollars, including a 37.69-percent rise from Hong Kong, and a 197.92-percent rise from the Republic of Korea. FDI from the European Union fell 41.25 percent but that from the United States posted a solid gain of 34.9 percent to reach 369 million U.S. dollars. FDI in the country's service sector gained 57.02 percent in January to a record high of 6.33 billion U.S. dollars, or 58.8 percent of the total. In contrast, manufacturing sector inflows dropped 21.69 percent to 3.47 billion U.S. dollars. With an inflow of 8.21 billion U.S. dollars, the affluent east of China continues to grab the lion's share of FDI. However, Tuesday's data showed the country's central and western regions have become increasingly attractive for foreign investors. January's inflows to the central region stood at 1.57 billion U.S. dollars, up 89.07 percent from a year earlier. The west bagged 989 million U.S. dollars, up 71.73 percent. Tuesday's data also showed more Chinese firms are investing abroad as outbound direct investment by non-financial firms increased 47.2 perent year on year in January to 7.23 billion U.S. dollars. Investment in Japan soared 500 percent in January from a year ago, with that in Russia surging 282 percent. Shen cited three factors driving the encouraging growth in foreign investment. Firstly, investors' confidence has been buoyed by the reform efforts of China's new leadership, including the transformation of the government's role in market activities and economic restructuring. In particular, the ambitious master plan unveiled in November has solidified confidence in long-term investment in China. Secondly, stable political and economic conditions, a skilled labor force, strong infrastructure support as well as streamlined government administration have made China an attractive FDI destination. Thirdly, January's FDI inflow was mainly driven by service sector growth as China opens its service industry wider. The inflow growth in the service sector was matched by a decline in agriculture and the manufacturing sector, the spokesman said, noting this change will play a positive role in China's industrial transformation and yield more economic returns. "We expect FDI to maintain a good growth momentum this year," he added. Tuesday's figures come after last year's foreign investment into China reversed a 3.7-percent fall seen in 2012 and rebounded 5.25 percent amid firming confidence in the country's growth potential.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today fdi surge reflects confidence in china economy Arab Today, arab today fdi surge reflects confidence in china economy

 



Arab Today, arab today
Arab Today, arab today Adidas Originals ‘reinterpreted’

GMT 14:52 2016 Thursday ,01 December

Adidas Originals ‘reinterpreted’
Arab Today, arab today At Milaidhoo Island, Maldives

GMT 08:42 2016 Wednesday ,07 December

At Milaidhoo Island, Maldives
Arab Today, arab today Paris's matchbox apartments

GMT 10:37 2016 Saturday ,24 September

Paris's matchbox apartments
Arab Today, arab today Probe finds coalition 'mistake'

GMT 08:00 2016 Wednesday ,07 December

Probe finds coalition 'mistake'
Arab Today, arab today 'Rookie' Trump must fall into line

GMT 08:02 2016 Tuesday ,06 December

'Rookie' Trump must fall into line
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today The summer school raising aspirations

GMT 12:49 2016 Tuesday ,06 December

The summer school raising aspirations
Arab Today, arab today Vanessa Redgrave makes directing

GMT 10:52 2016 Tuesday ,06 December

Vanessa Redgrave makes directing
Arab Today, arab today Indonesia expands protection

GMT 11:39 2016 Tuesday ,06 December

Indonesia expands protection
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Hyundai allows Saudi journalists

GMT 15:14 2016 Thursday ,01 December

Hyundai allows Saudi journalists
Arab Today, arab today Latest Infiniti QX to compete

GMT 13:16 2016 Saturday ,26 November

Latest Infiniti QX to compete
Arab Today, arab today It's a squeeze, but Paris Impressionist

GMT 12:06 2016 Saturday ,03 December

It's a squeeze, but Paris Impressionist
Arab Today, arab today To battle Japanese whaling fleet

GMT 11:53 2016 Monday ,05 December

To battle Japanese whaling fleet

GMT 12:58 2016 Friday ,02 December

Trump, politics on the mind

GMT 13:00 2016 Monday ,05 December

Dubai Women Establishment delegation

GMT 04:15 2016 Thursday ,30 June

World's largest uncut diamond fails

GMT 13:01 2016 Thursday ,01 December

Green groups pressure Spain

GMT 15:59 2015 Wednesday ,27 May

Seoul elevates gardening to high art

GMT 12:39 2016 Saturday ,26 November

Skin patch could help kids

GMT 13:17 2016 Friday ,25 November

Ajman Tourism launches time capsule

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 09:53 2016 Sunday ,15 May

OMEGA official timekeepers
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Powered and Developed by FilmMatters

Copyright © 2016 Arabtoday

Developed by FilmMatters

© 2016 Arabtoday

arabtoday arabtoday arabtoday
arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabtoday, Arabtoday, Arabtoday