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Stronger RMB won't affect investment much
By Jiang Wei (China Daily)
Updated: 2005-07-26 06:30

Lu did, however, concede that FDI into China in 2005 would not exceed that of last year. "It will be a remarkable achievement if it reaches last year's levels because the base figure is considerably large, " he said.

He added that the international investment environment this year was not as good as some economists had predicted.

In 2004, the country attracted some US$60.6 billion in realized FDI, up 13.32 per cent on 2003, while the figure for contracted foreign investment stood at US$153.5 billion, according to statistics published by China's Ministry of Commerce.

FDI into China has also seen a slight decrease in the past few months of this year.

Government data showed China realized FDI of some US$28.6 billion in the first six months of 2005, reflecting a decrease of 3.18 per cent from the previous year.

The contracted foreign investment figures, that indicate the future trend of FDI flows, rose some 18.99 per cent to US$86.2 during the same period.  

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