Arab Today, arab today china\s h1 foreign direct investment up 184
Last Updated : GMT 12:21:20
Arab Today, arab today
Arab Today, arab today

China\'s H1 foreign direct investment up 18.4%

Arab Today, arab today

Arab Today, arab today China\'s H1 foreign direct investment up 18.4%

Beijing - AFP

Foreign direct investment in China soared 18.4 percent from a year earlier in the first half, the government said Friday, suggesting confidence in the world\'s second largest economy was still strong. However, the flood of money into the economy comes as Beijing tries to staunch inflation, which is running at a three-year high. Foreign companies invested $60.89 billion in factories and other projects in China from January to June -- higher than the $51.4 billion spent in the same period last year -- commerce ministry spokesman Yao Jian told reporters. In June alone, China attracted $12.86 billion in foreign direct investment -- up 2.83 percent year on year and more than the $9.23 billion invested in May, the data showed. Analysts say robust growth in China and expectations for a stronger currency have attracted a growing number of overseas investors hoping for a better return on their money as the United States and Europe remain in the doldrums. \"In the medium to long term, China will remain the most important host country of foreign direct investment,\" Yao said. Yao said Asia has become the main source of foreign direct investment in China -- first-half investment from 10 Asian economies including Hong Kong, Japan, Malaysia and Singapore soared 23.9 percent on year to $52.5 billion. US investment fell 22.3 percent in the same period to $1.7 billion while investment from the European Union increased 1.2 percent to $3.5 billion, Yao said. He added that this was \"normal\" because total overseas investment by US and EU companies had fallen. \"China\'s foreign investment environment did not change much. We are still confident in China\'s appeal to foreign investment,\" he said. But growing concerns that the credit is helping to fuel inflation have triggered a round of monetary tightening as Beijing tries to rein in soaring consumer costs. Inflation hit a three-year high of 6.4 percent in June despite the government hiking interest rates five times since October and curbing the amount of money banks can lend.

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\s h1 foreign direct investment up 184 Arab Today, arab today china\s h1 foreign direct investment up 184

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today AT&T, Verizon join Google ad boycott

GMT 10:30 2017 Thursday ,23 March

AT&T, Verizon join Google ad boycott
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:03 2017 Thursday ,23 March

Spider Venom May Offer Hope to Stroke Victims

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
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