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China Reports Increase of FDI in First 6 Months
Foreign direct investment (FDI) in China showed an overall increase both in terms of contractual and actual volume in the first half of this year, latest statistics from the Ministry of Foreign Trade and Economic Cooperation show.
From January to June, China approved a total of 11,973 overseas- funded companies, up 18.53 percent from the same period last year. Those firms involved a contractual overseas investment volume of 33.41 billion U.S. dollars, up 38.23 percent.
Actual overseas investment volume in the period reached 20.691 billion U.S. dollars, up 20.53 percent.
The ministry said the total number of overseas-invested companies in China reached 376,300 by the end of June, involving a contractual overseas investment of 710.1 billion U.S. dollars. Actual overseas investment amounted to 369.3 billion U.S. dollars.
Analysts say that the surge of FDI to China is a result of the steady increase of China's economy. China's upcoming entry into the World Trade Organization (WTO) is another factor prompting overseas businessmen to invest in China.
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