China's 2010 investments: 100 bln USD inbound, 50 bln USD outbound

17:48, December 22, 2010      

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China's actual use of foreign direct investment (FDI) is expected to rise 11 percent to some 100 billion U.S. dollars in 2010 and China's outbound investments on the international market are expected to exceed 50 billion U.S. dollars in 2010, said Chen Deming, China's minister of Commerce, on Wednesday.

He also estimated the imports and exports of the whole year would reach 2.9 trillion U.S. dollars, surging more than 30 percent over 2009.

The government has made great efforts on alleviating foreign investors' concern over China's investment environment, particularly in terms of China's policies on innovation, government procurement and intellectual property rights protection. Foreign capital inflow into Tibet and Xinjiang are also being encouraged.

Over the first 11 months of the year, China has used 92 billion U.S. dollars of foreign capital, up 18 percent over the same period of last year. The 9.7 billion U.S. dollars of FDI that was actually used in November means a year-on-year increase of 38 percent, marking the 16th consecutive monthly rise.

China has made 47.6 billion U.S. dollars of non-financial overseas investment over the first 11 months of the year, with 17.5 billion U.S. dollars through mergers and acquisitions. The figure for the whole year, according to Chen, could be higher than 50 billion U.S. dollars.
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