Posts Tagged ‘FDI’
China’s February Foreign Direct Investment Increases 32.2%
Monday, March 21st, 2011Foreign direct investment in China climbed in February, indicating investor confidence in the world’s second-biggest economy.
Investment rose 32.2 percent to $7.8 billion last month from a year earlier, the Ministry of Commerce said in a statement on its website today. That compares with a 23.4 percent gain in January.
Raising wages and reducing income inequality will be among the government’s top tasks in the next five years as the nation switches the focus of growth to consumption from investment, Wen said on March 5.
Foreign investment in the first two months rose 27.1 percent to $17.8 billion, the commerce ministry said today. The number of newly approved foreign-invested companies in the first two months of the year rose 7.5 percent from a year earlier to 3,399, according to the statement.
China attracts 106 billion dollars in direct investments
Thursday, January 20th, 2011China attracted record-high direct investment volume – 106 billion dollars in 2010, which is a leap of 17.4%, compared to the previous year.
An opposite tendency was observed in 2009, when investments shrunk by 2.3%.
Last year, approximately 20% of all foreign investments were directed to the real estate sector. At the same time, the inflow of investments to poorer and less-developed regions in the country increased significantly.
While, China’s external investments rose even faster. They have increased by 36.3%, totaling 59 billion dollars. The Chinese companies bought ready-made companies abroad, as well as a variety of already launched perspective projects.
Hong Kong ranks 4th-largest global FDI recipient
Wednesday, August 4th, 2010Hong Kong was the world’s fourth-largest Foreign Direct Investment (FDI) recipient in 2009, according to the World Investment Report 2010 (WIR) released by the United Nations Conference on Trade and Development (UNCTAD) on July 23. This marks the first time that Hong Kong has attained fourth place in the global rankings and represents a jump from its ninth position in 2008.
For the 12th consecutive year, Hong Kong continues to be the second-largest FDI recipient in Asia, after mainland China.
Although the global financial and economic crisis drove global FDI inflows down by 37% in 2009 compared with 2008, the impact on Asia was less profound. The US$48.4 billion FDI inflows to Hong Kong, for example, represented a 19% decrease. Hong Kong’s share of FDI inflows into Asia held up at about 21% in 2009, similar to 2008.
Looking ahead, the WIR 2010 provided a glimpse of the global economic recovery picture, highlighting Asia’s rapid recovery in FDI flows compared with the more gradual improvement in global numbers. For example, in the first quarter of 2010, FDI inflows to Hong Kong, amounted to US$20 billion, representing a significant increase of 72% compared with the same quarter last year.
