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  Your Location:Home>>China's Absorption of FDI in the First Half of 2010
 
China's Absorption of FDI in the First Half of 2010
 

china's Absorption of FDI in the First Half of 2010

 


According to the statistics issued by MOFCOM, in the first half of 2010, china’s actual use of foreign capital amounted to US$ 51.43 billion, up by 19.6% year on year. In June, the actual use of foreign capital was US$12.51 billion with a year-on-year growth of 39.6%.

Liu Yajun, Director of Department of Foreign Investment Administration of MOFCOM, stated in the press conference that since last August, foreign investment in china had kept growth in 11 consecutive months.

From January to June of 2010, the number of newly-established foreign-funded enterprises was 12,400, up by 18.8%. And 2,739 foreign-invested enterprises were newly established in June, up by 8.3% year on year.

In the first half of 2010, foreign investment in agriculture, forestry, animal husbandry and fishery, and service industry grew rapidly, up by 79% and 38.2% respectively. The actual use of foreign capital in manufacturing rose by 1.9%.

According to the statistics, Eastern China, Central China and Western china realized “double growth” in the number of newly-established foreign-funded enterprises, and actual use of foreign capital. The former in three regions rose by 19.1%, 11.8% and 31% respectively while the later rose by 19.3%, 22.7% and 20.8%.

Liu said, foreign-invested enterprises overall kept steady growth. The statistics showed that the import & export value of foreign-invested enterprises reached US$728.15 billion, up by 40.4% year on year, accounting for 53.7% of the total value of china' import & export.
 
 
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