China's Foreign Direct Investment Increases in November

Investments totaled $61.7 billion

Foreign enterprises invested $61.7 billion in China from January to November, commerce ministry spokesman Wang Xinpei said. This represents an increase of 13.7% from the same period in 2006.

Wang provided no figure for November alone but the 11-month total indicated a rise as foreign direct investment had risen 11.2% year-on-year to $54 billion in the first 10 months of 2007.

Last year actual foreign investment in China was $69.5 billion, down 4.1% from 2005.

Foreign direct investment, along with booming exports, are among the top factors resulting in China's massive build-up in foreign exchange reserves. China's foreign exchange reserves, already the world's largest, reached $1.455 trillion at the end of October, according to the latest government figures.

Copyright Agence France-Presse, 2007

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