US investments in China show decline

10:45, July 19, 2011      

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Data from China's Ministry of Commerce shows that nearly 13,500 foreign-funded companies were established in China from January to June in 2011, an increase of nearly 9 percent compared with the same period in 2010.

According to the data, the foreign-funded companies involved nearly 60.9 billion U.S. dollars of actual foreign investment, an increase of more than 18 percent compared with the same period in 2010.

Yao Jian, spokesman of the Ministry of Commerce, discussed what key aspects characterize China’s absorption of foreign capital in the first half of 2011 during a regular press conference.

First, in regard to industrial structure, the growth rate of actual foreign investment in the service industry exceeded agriculture, forestry, animal husbandry and fishery. Second, Asian countries strengthened investment in China, while U.S. investment in China declined significantly. Third, the growth rate of actual foreign investment in western China is still higher than in eastern China, and the proportion of actual foreign investment in western China is also rising. Fourth, the amount of service outsourcing contracts and the level of delivery also achieved substantial growth.

Slowdown of EU, US investments related to global environment

In the first half of 2011, 10 Asian nations and regions established a total of 10,850 enterprises in China, an increase of nearly 10 percent compared with the same period in 2010, involving a total of more than 52.5 billion U.S. dollars of actual foreign investment, an increase of nearly 24 percent.

The 27 E.U. member states established a total of 840 enterprises in China in the first half of 2011, an increase of more than 10 percent compared with the same period in 2010. These companies involved a total of nearly 3.5 billion U.S. dollars of actual foreign investment, an increase of more than 1 percent compared with the same period in 2010.

The United States established a total of 727 enterprises in China in the first half of 2011, a decline of more than 5 percent compared with the same period in 2010. U.S. companies involved a total of nearly 1.7 billion U.S. dollars of actual foreign investment, a decline of more than 22 percent compared with the same period in 2010.

"In the first half of 2011, the EU and U.S. investments in China showed slowdown or decline, which is relevant to the overall global environment," Yao said.

Yao pointed out that as E.U. member countries reduced investment in foreign countries by 62 percent in 2010, it is a normal phenomenon for the Europe Union to slow down its investment in China in the overall situation. In addition, the slowdown of U.S. investment in China also appeared in the overall context of declining U.S. investment in foreign countries, including emerging markets such as Brazil and India, in the first half of 2011.

Yao said that China's investment climate remains favorable given the country's huge market potential and constantly improved legal environment. China will remain a popular investment destination in the medium to long term.
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