1. Friday May 25, 2018
      Home > News > Economy
      Text:| Print|

      FDI growth up for third consecutive month

      2013-05-17 10:56 China Daily     Web Editor: qindexing comment

      Foreign direct investment in China grew for a third consecutive month in April, suggesting overseas investors' approval of the country's investment environment as its new leadership deepens economic restructuring activities.

      Non-financial FDI in China in April came to $8.435 billion, up 0.4 percent from a year earlier, marking three months of growth after February reversed an eight-month slump with a rise of 6.3 percent, the Ministry of Commerce said on Thursday.

      The first four months of the year saw FDI increase 1.21 percent year-on-year to $38.34 billion, while total FDI into the country in 2012 declined 3.7 percent from a year earlier to $111.72 billion.

      "FDI in China is quite steady this year and is gradually picking up, which somewhat proves the competitiveness of the Chinese economy and the recognition of global investors," Commerce Ministry spokesman Shen Danyang said at a news briefing.

      He added that 2013 will see steady growth of FDI as China enhances its comprehensive advantages and optimizes services for global investors.

      Lian Ping, chief economist at the Bank of Communications, said FDI is flowing slowly into China as the world's second-largest economy enters a moderate growth era.

      China's GDP growth in the first quarter slowed to 7.7 percent year-on-year after a rebound to 7.9 percent in the fourth quarter. Foreign institutions recently lowered their expectations for China's economic growth following weak economic data in April.

      Huo Jianguo, president of the Chinese Academy of International Trade and Economic Cooperation, a ministry think tank, said the sluggish world economy also restrained capital flows.

      "The slight FDI growth in April is quite satisfactory and mainly driven by the new leadership's efforts in advancing economic restructuring," Huo said.

      The State Administration of Foreign Exchange, China's foreign exchange regulator, recently scrapped 24 regulations related to the administration of capital for foreign direct investment, in line with the government's efforts in reducing red tape to increase transparency and promote investment facilitation.

      However, Lu Jinyong, director of the China Research Center for FDI at the University of International Business and Economics, worried that speculative overseas money flowed into China disguised as project investments, just as it did with trade payments.

      "In 2013 we will see China's FDI equal to last year with no big change," Lu added.

      Rising costs at home and competition from other emerging countries were also blamed for the slowed FDI flow into China, according to Lian from the Bank of Communications.

      He added that FDI in China will probably decline in the following months and maintain a slow pace of growth in the long term.

      Huo said, "For China to consolidate the use of foreign capital, the government needs to speed up the reforms in investment and financing systems, including the removal of approvals and the simplification of procedures, as well as further opening up its services sector."

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 国产精品亚洲专区无码牛牛| 噜噜嘿在线视频免费观看| 亚洲乱亚洲乱妇24p| 亚洲国产高清在线| 亚洲人成影院在线无码观看| 午夜小视频免费观看| 2020因为爱你带字幕免费观看全集| 四虎影视久久久免费观看| jiz zz在亚洲| 亚洲伊人精品综合在合线| 亚洲免费精彩视频在线观看| 国产亚洲精品AA片在线观看不加载 | 日本高清不卡中文字幕免费| 欧洲 亚洲 国产图片综合| 久久久久亚洲AV无码观看| 久久夜色精品国产亚洲| 中文字幕亚洲日韩无线码| 亚洲天堂在线视频| 无码不卡亚洲成?人片| 国产精品二区三区免费播放心| 无码国产精品一区二区免费| 亚洲免费电影网站| 91免费福利精品国产| 亚洲免费精彩视频在线观看| 暖暖免费在线中文日本| 曰批全过程免费视频在线观看无码 | 成人免费无码H在线观看不卡| 免费一级特黄特色大片| 免费很黄无遮挡的视频毛片| 美女羞羞免费视频网站| 香蕉视频在线观看免费| 牛牛在线精品免费视频观看| 日韩a毛片免费观看| eeuss影院ss奇兵免费com| 一个人看的免费高清视频日本| 一级毛片**免费看试看20分钟| 一级做a爰片性色毛片免费网站 | 四虎1515hm免费国产| jjzz亚洲亚洲女人| 久久亚洲高清综合| 亚洲电影中文字幕|