Arab Today, arab today china foreign direct investment at record 1160 bln
Last Updated : GMT 02:38:42
Arab Today, arab today
Arab Today, arab today

China foreign direct investment at record $116.0 bln

Arab Today, arab today

Arab Today, arab today China foreign direct investment at record $116.0 bln

Beijing - AFP

Foreign direct investment in China rose 9.7 percent last year to a record $116.0 billion, as Asian countries boosted spending despite the global economic turmoil, according to the government. But investment by overseas companies fell for a second straight month in December, down 12.7 percent year on year to $12.2 billion, as the worldwide slowdown began to take hold, the commerce ministry said in a statement. Ministry spokesman Shen Danyang blamed the drop on weakness in the US and European economies, but predicted foreign investment would hold up in 2012. \"Some major developed economies such as the United States and Europe are weak. Companies are being more cautious in their investment decisions and global multi-national investments have dropped,\" he said. \"Nonetheless, we believe both China\'s overseas investment and foreign direct investment will maintain relatively rapid growth this year.\" The latest figures came a day after China said its economy expanded by 9.2 percent last year, slowing from 2010, as global turbulence and efforts to tame high inflation put the brakes on growth. Inward investment from US companies suffered the most in 2011, plunging 26.1 percent to $3.0 billion, while European investment registered a slight fall, down 3.65 percent at $6.4 billion. The strongest growth came from Asian countries, with investment from Hong Kong, Macau, Taiwan, Japan, the Philippines, Thailand, Malaysia, Singapore, Indonesia and South Korea combined rising 14.0 percent to $100.5 billion. Nonetheless, last year saw dramatically slower growth in foreign investment than 2010, when blistering economic growth and expectations for a stronger currency led to a 17.4 percent surge in the flow of foreign money into China. The commerce ministry also said the service sector overtook the manufacturing industry in attracting the most inward investment for the first time in 2011 with $55.24 billion, up 20.5 percent on 2010. Foreign investment in the manufacturing sector rose by just 5.1 percent year-on-year to $52.1 billion. \"The whole world has reduced its interest in investment due to the flagging economic environment,\" said Zhou Hao, economist for Australia and New Zealand Bank (China) Co in Shanghai. \"China\'s domestic credit policy is relatively tight, which also reduced the inflow of foreign direct investment.\" China said in December it would ease restrictions on foreign investment in some sectors while lifting caps on the proportion of foreign capital in others. The announcement came after foreign direct investment in November registered the first year-on-year decline for a single month since July 2009. At the same time, however, the government said it would \"withdraw support\" for foreign investment in auto manufacturing to encourage the domestic industry in the world\'s largest car market. Analysts said the move was unlikely to force global auto firms to leave the country, but it would make it harder for new foreign carmakers to enter.  

arabstoday
arabstoday

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 china foreign direct investment at record 1160 bln Arab Today, arab today china foreign direct investment at record 1160 bln

 



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 china foreign direct investment at record 1160 bln Arab Today, arab today china foreign direct investment at record 1160 bln

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday