China's Foreign Direct Investment Hits $63 Billion

Jan. 15, 2007
Increase of 4.47%.

China's actual foreign direct investment excluding the financial sector hit $63.02 billion last year, a rise of 4.47% from 2005, the Ministry of Commerce reported Jan. 15.

There were 41,485 new companies established in China last year, a drop of 5.76% from 2005. Excluding the financial sector 41,473 new companies were registered for a fall of 5.75%.

Actual direct investment from overseas has showed an increasing trend in recent months, picking up 15.9% in October and 20.6% in November. China pulled in foreign direct investment of $60.33 billion in 2005, down 0.5% from 2004.

Separately, Chinese firms' total overseas investments reached $16.1 billion last year, up 32%, Xinhua said in a report Jan. 15, reflecting how Chinese companies have moved to expand their businesses beyond their home base.

Copyright Agence France-Presse, 2007

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2024. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.

Sponsored Recommendations

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!