Arab Today, arab today whopping rise in china’s fdi
Last Updated : GMT 12:29:06
Arab Today, arab today
Arab Today, arab today

Whopping rise in China’s FDI

Arab Today, arab today

Arab Today, arab today Whopping rise in China’s FDI

Beijing - AFP

Chinese overseas investment in January and February soared 147 per cent year-on-year to $18.39 billion, official data showed yesterday — more than foreign direct investment (FDI) into the country itself. Incoming FDI, which excludes financial sectors, stood at $17.48 billion over the period, the Commerce Ministry said, down 1.35 per cent year-on-year. Beijing is keen to promote overseas investment in part of its efforts to reform China\'s growth model and acquire significant foreign assets in sectors such as energy, mining and high-tech industries, analysts said. \"It should be a trend in the long run — it is highly likely that overseas direct investment will exceed foreign direct investment in the next few years,\" Ren Xianfang, a Beijing-based analyst with IHS Global Insight, said. \"It is a national strategy to transfer China to a big investor from a big exporter.\"  Chinese direct investment overseas surged almost 30 per cent last year from 2011 as firms in the world\'s second-largest economy increasingly look to expand abroad. Australia biggest market The biggest rise in Chinese investment in a major market over January and February was in Australia, where it surged 282 per cent, the ministry said. It was followed by Hong Kong, up 156 per cent, and the US with a 146 per cent increase, while in south-east Asia it went up 114 per cent and in the EU 81.9 per cent. However,  in Japan, with whom Beijing has been involved in a territorial row, investment was down 31 per cent. Overseas FDI to Russia also slipped 46 per cent. At the same time China\'s manufacturing competitiveness faces rising costs, while investor confidence is battered by weakness in the global economy. Nonetheless incoming FDI in rose 6.3 per cent to $8.21 billion in February, the first year-on-year increase in nine months, the commerce ministry said. EU investment into China increased \'quite rapidly\' in the first two months of the year, the ministry said in a statement, rising 34.01 per cent to $1.214 billion. But FDI fell from the US and Asia, with Japanese investment down 6.7 per cent over the period to $1.269 billion. China\'s economy grew at its slowest pace in 13 years in 2012, expanding 7.8 per cent from the year before. But it has been showing renewed vigour, with GDP growth rising in the final three months of 2012 to 7.9 per cent, snapping seven straight quarters of weakening expansion.

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 whopping rise in china’s fdi Arab Today, arab today whopping rise in china’s fdi

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom, China plunges into snow biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom, China plunges into snow biz
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 UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues

GMT 05:34 2017 Monday ,27 February

Brexit sows seeds of doubt for British farmers

GMT 06:38 2017 Sunday ,26 February

US rig count increases

GMT 06:01 2017 Sunday ,26 February

BRIC funds see inflows amid emerging equity boom

GMT 05:43 2017 Sunday ,26 February

Al-Gergawi quits Dubai Holding to focus on govt role

GMT 05:14 2017 Sunday ,26 February

Oil prices to average $50-$70 through 2022

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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