FDI surge a show of confidence

19 Apr

FDI has seen an increase during March 2013, officials have noted. Inbound FDI increased 5.65 percent last month from a year earlier to $12.4 billion, the Ministry of Commerce said on Thursday.

Although, investment had reduced during February, top researchers claim that global companies still have faith in the Chinese economy.

The European Union boosted its investment in China by 45 percent to $2.05 billion in the first quarter. FDI from the US and Japan increased by 18.5 percent and 10.5 percent to $1.06 billion and $2.29 billion.

The boost in FDI came despite a deceleration in China’s economic growth to 7.7 percent in the first three months of this year, down from 7.9 percent in the final quarter of 2012.



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