Economy

FDI to hit $420b in 11th Five-Year Plan period

(Xinhua)
Updated: 2010-11-08 21:53

BEIJING - China's foreign direct investment (FDI) in the "11th Five-Year Plan" period (2006-2010) is predicted to top $420 billion, Ministry of Commerce (MOC) said Monday.

The figure is 1.5 times of that in the previous five years, making China the world's second biggest destination for FDI, the MOC said in a statement posted on its website.