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Sunday, 22 January 2012

2011 FDI hits record US$116b

China's foreign direct investment (FDI) climed 9.72 percent from a year earlier to US$116 billion in 2011. [CFP]China: Despite a fall for two straight months, foreign direct investment (FDI) in China saw a 9.72 percent increase year on year to reach a record high of 116 billion U.S. dollars in 2011, the Ministry of Commerce said Wednesday. The actual use of FDI saw another decline of 12.73 percent in December to 12.24 billion U.S. dollars after a fall of 9.76 percent in November, the ministry said. Amid the global economic gloom, investment from theChina's foreign direct investment (FDI) climed 9.72 percent from a year earlier to US$116 billion in 2011. [CFP]
European Union and the United States fell while that from other Asian countries and regions increased, said Shen Danyang, the ministry's spokesman. The service industry for the first time outweighed manufacturing in its contribution to the country's actual use of FDI, acounting for 47.62 percent of the national total. The manufacturing sector took a smaller 44.91 percent to hit 52.1 billion U.S. dollars. In 2011, the nation approved the establishment of 27,712 foreign-invested companies, up 1.12 percent year-on-year, said Shen.Source: China.org.cn