China's actual use of foreign capital saw two-digit growth in January, which shows China still offers a sound investment environment and foreign investors still have confidence in China's economic development.
Thanks to the transformation of government functions and economic restructuring launched by China's new leadership, domestic demand and the investment environment have improved, which is conducive to enhancing China's appeal to foreign direct investment.
China's economy and society are stable and there is great potential in domestic demand. With the increasing improvement in the investment environment, more and more multinationals are seeing China as their major investment destination.
The January figures show investment from the United Sates, South Korea, Netherlands, Italy and the United Kingdom witnessed rapid growth.
In January, 10 Asian countries or regions invested some 9.55 billion US dollars in China, up more than 22 percent from the same period in 2013; Hong Kong invested 7.86 billion US dollars, up 37.7 percent, South Korea 261 million US dollars, up 198 percent, the United States 369 million US dollars, up 35 percent. 18 countries from the European Union provided 482 million US dollars, down 41 percent.
In addition, in January the actual use of foreign investment in the service industries saw a 57 percent year-on-year increase. It hit a record high and also made the major contribution to the growth of China's actual use of foreign capital in January.
It is expected that foreign investment in China will maintain good momentum in 2014.