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China, foreign investment boom

Direct foreign investment in China grew by 16,11% in January compared to a year ago, thus reaching the figure of 10,76 billion dollars, according to data provided by the Chinese Ministry of Commerce.

China, foreign investment boom

Direct foreign investment in China grew by 16,11% in January compared to a year ago, thus reaching the figure of 10,76 billion dollars, according to data provided by the Chinese Ministry of Commerce. The figure represents a 3,3% increase from the December figure. The third sector is the one that has benefited the most from this trend, attracting 6,33 billion, or 58,8% of the total. Conversely, the flow to the manufacturing sector fell by 21,69% to 3,47 billion.

Investment from Asia's ten largest economies rose to $9,55 billion, including a 37,69% increase from Hong Kong and a 197,92% increase from South Korea. The ministry also confirmed a decrease in investment from countries in the 'European Union dropped by 41,25%, while those from the United States amounted to 369 million. With an influx of 8,21 billion, wealthy eastern China continues to take the lion's share of foreign investment. However, the latest data show that interest in the central and western areas of the country has increased. Central China in January collected 1,57 billion (+89,07% compared to a year earlier) and western China 989 million (+71,73%).

http://www.chinadaily.com.cn/business/chinadata/2014-02/18/content_17288787.htm

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