USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Macro

China FDI stable, ODI surges

cctv.com | Updated: 2013-03-21 09:48

The first rebound in 9 months, China saw inbound investment grow 6.3 percent on year to $8.2 billion in February. Although the figure is even less than January's $9.3 billion, it is seen as a positive sign.

Get Flash Player

Ministry of Commerce spokesman Shen Danyang said, "The growth in FDI in February shows the competitiveness of the Chinese economy. Global investors are confident in the investment environment and return prospects."

However the spokesman cautions we cannot judge the overall trend by a single month's figure. Combined FDI in the first two months edged down 1.35 percent. But he is confident that China is able to maintain stable foreign direct investment this year.

"Our projection is a stable performance this year, which means there will be neither a big drop or big growth," Shen Danyang said.

More impressive are numbers for outbound investment. China’s ODI grew a hefty 147% compared to a year ago, and reached $18.4 billion, surpassing the FDI of $17.5 billion in the first two months.

FDI increase ends 8-month run of declines

Does FDI provide spoils, or does it just spoil?

FDI sees 1st decrease in 3 years amid slowdown

China's non-financial ODI enters 'fast lane'

China's ODI surged in 2012: ministry

China sees uptick in ODI to US and Europe

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US