Latest News:  


China 'most promising' in FDI (2)

By Li Jiabao (China Daily)

08:27, June 27, 2013

After Chinese meat giant Shuanghui International Holdings Ltd proposed to buy Smithfield Foods Inc — the world's largest pork producer — a number of US senators urged the Obama administration to consider whether the proposed $4.7 billion deal, the biggest takeover of a US company by a Chinese firm, posed a threat to the US food supply that could justify blocking it.

Meanwhile, FDI inflows to China declined 2 percent year-on-year to $121 billion in 2012, second only to the US, while China remains the top investment destination for transnational corporations in the medium term, the report said.

FDI in China's non-financial sectors declined 3.7 percent year-on-year to $111.72 billion in 2012, according to the Ministry of Commerce, while the first five months of the year saw FDI inflow in China edging up 1.03 percent year-on-year to $47.6 billion.

"The structure of FDI inflow to China has changed following the country's economic restructuring and industrial upgrading," Zhan said. "Owing to rising costs in the eastern region, some investment and production activities are being transferred into inland areas and the share of the central and western regions in China's total FDI inflow rose from 12 percent in 2008 to 17 percent in 2012."

He added that some low-end manufacturing plants are moving to Southeast Asian countries with lower costs than China, while FDI inflow to China's high-tech and advanced manufacturing sectors is increasing rapidly.

"The total number of foreign research and development centers in China doubled in the past five years and reached 1,800 at the end of 2012. The quality and structure of China's FDI kept improving," Zhan noted.

Liang added that transnational corporations are increasingly attracted to China due to the country's huge market and fast economic growth, as well as the opening up of its services sector.

China's economic growth eased in recent months as the new leadership steered the country to a more balanced and sustained growth path. GDP in the last quarter of 2012 increased 7.9 percent year-on-year, and it slowed to 7.7 percent in the first quarter of the year.

"With the improvement in FDI inflow, China kept enhancing its participation in global value chains," Zhan said.

【1】 【2】

We Recommend:

'All in Tuning All in Caravanning' Show

HK's new cruise terminal receives luxury liner

Huawei unveils thinnest smartphone in Singapore

Airbus A350 lands safely from test flight in S. France

Special coverage: China-EU solar row

Highlights of ATC Show 2013

Top 10 luxury villas of China in 2013

Turn rabbit to 'gold' - A young entrepreneur's goal

Hilton to open 120 new hotels in China

Email|Print|Comments(Editor:WangLili、Gao Yinan)

Related Reading

Leave your comment0 comments

  1. Name


Selections for you

  1. Special forces in joint training

  2. J-15 fighter fastened on aircraft carrier

  3. Best photos of week (June 17 - June 23)

  4. Terraced fields in SW China

  5. China's weekly story (2013 6.15-6.21)

  6. Photos: Hazy life in Beijing

  7. Camacho's embarrassing records

  8. Cos girls shining at Kafu Comic-Con

  9. Chinese shares extend losses

  10. Highlights of luxury China 2013

Most Popular


  1. Money not the answer to all problems
  2. Syria conference unlikely to be in July
  3. Snowden not on board flight to Cuba
  4. Cause of human rights should ground in reality
  5. Snowden case should not affect Sino-U.S. ties
  6. Chinese consumer spending weakens
  7. Think tank has huge potential for development
  8. Why top scorers in Gaokao choose to go abroad
  9. Mobile Web alters Internet industry
  10. Stocks plunge, analysts eye liquidity

What’s happening in China

Wait and See!
I can catch you, rats

  1. Shanghai reports 1 H7N9 death
  2. 5 dead, 23 injured in NW China road accident
  3. Rehab centers face obstacles in China
  4. Sniffer dogs get new life with families
  5. Chemical plant blaze blamed on illegal work