FDI into China up 16%, led by US, Asian investors

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Capital continue to flow into China, including capital from US. I reckon the new investment went into service industry, was mostly financial services...

FDI into China up 16%, led by US, Asian investors

BEIJING — Foreign direct investment (FDI) into China climbed 16.1 per cent to US$10.8 billion (S$13.6 billion) last month, rising from a 3.3 per cent growth a month earlier, the Commerce Ministry said yesterday, as spending by Asian countries and the United States surged.

Nearly 60 per cent of the new investment went into China’s services industry, while investment in manufacturing fell 21.7 per cent.

Ministry spokesman Shen Danyang told a media briefing that China’s economic reforms and opening up of the services sector helped boost the confidence of foreign investors.
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http://www.todayonline.com/business/fdi-...-investors
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