left corner left corner
China Daily Website

China's FDI will continue to grow this year

Updated: 2013-10-18 08:37
By Li Jiabao ( chinadaily.com.cn)

China's foreign direct investment is expected to grow steadily for the remainder of this year, Shen Danyang, spokesman for the Ministry of Commerce told a news briefing on Thursday.

Shen added that China's overall attractiveness for foreign investment remains and global investors' confidence in China is unchanged despite uncertainties in global economic recovery and challenges for China to sustain economic growth.

China's FDI ended a decline in February and has maintained growth in the following months. FDI in September rose 4.88 percent from a year earlier to $8.84 billion, much higher than the 0.62-percent growth in August, according to the ministry.

In the January-September period, FDI in China increased 6.22 percent from a year earlier to $88.6 billion, compared with the 6.37-percent gain for the first eight months of the year.

The new leadership introduced a raft of measures to facilitate investment, including cutting approvals and streamlining registrations, while the ministry is studying ways to improve FDI management to create a transparent, level playing field, Shen said.

He added that challenges from the country's economic growth, such as sluggish demand from overseas markets and rising costs, will somewhat dent the investment environment.