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China's FDI up for fifth consecutive month in December
(Xinhua)
Updated: 2010-01-15 11:07
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The amount of foreign direct investment (FDI) China received rose for the fifth consecutive month in December, up 103 percent year-on-year to $12.1 billion, said Yao Jian, spokesman of the Ministry of Commerce in Beijing on Friday.
This brought the country's FDI to $90.03 billion in 2009, down 2.6 percent from that in 2008.
The government approved the establishment of 23,435 overseas-funded ventures in 2009, down 14.8 percent from a year earlier. In December alone, China approved 2,835 such companies, representing a year-on-year increase of 10.7 percent.
Yao said the 2009 FDI was mainly directed into manufacturing, despite a decrease of 6.26 percent year-on-year. This sector attracted $46.77 billion FDI in 2009, accounting for 51.95 percent of the total FDI.
The service sector attracted $37.87 billion, down 0.67 percent from that in 2008, and accounting for 42.06 percent of the total.
Actual use of the FDI in the real estate sector stood at $16.8 billion in 2009, a decrease of 9.65 percent annually.
In 2009, China's non-financial investment in overseas markets was $43.3 billion, up 6.5 percent year-on-year.
Of the total investment in overseas markets, 40.4 percent or $17.5 billion was used in mergers and acquisition, technology introduction, marketing, and energy and resources, said Yao.
