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Slowing growth takes toll on FDI

By DING QINGFEN and LYU CHANG (China Daily) Updated: 2013-06-19 02:28

"Undoubtedly, the new Chinese leadership is very enthusiastic about furthering its opening-up policy and attracting foreign companies. This is a very positive signal for China's prospects on FDI," he said.

James Lee, regional director of the Institute of Chartered Accountants in England and Wales in China, agreed.

"Some positive reforms and measures that China is taking on things such as urbanization are good news for foreign investors," he said.

Shen said he was confident of the strong momentum that China's ODI will maintain this year.

Developed nations and regions have led the robust growth. During the first five months, China's ODI into Australia gained by 93 percent, the United States 76 percent, and the European Union 47 percent, from a year earlier.

Slowing growth takes toll on FDI


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