Foreign direct investment into China rose for the 15th consecutive month in October, indicating China remains a favored investment destination for foreign businesses.
6 z( e# J% y" o1 v6 {3 W Inbound foreign direct investment increased 7.86 percent year on year in October to $7.66 billion, the Ministry of Commerce said Tuesday.
4 @8 L- P, C: T- m Inbound foreign direct investments for the first 10 months of the year totaled $82 billion, a year-on-year increase of 15.71 percent.( Z z" W0 B; E, j0 E* N* e$ J
Foreign businesses have begun to shift their investments from export-orientated sectors to domestic market-orientated businesses.
; Q/ X4 t* n- E* ] This is due to improvements in the Chinese legal system and expanding consumer markets, Ministry of Commerce spokesman Yao Jian said.% a1 x2 H1 p- H7 Z
The acceleration in the rate of inbound foreign direct investment growth was due to the United States' second round of quantitative easing, some analysts asserted.
0 e0 i; E/ r) {0 w2 A- M2 B: @ The Ministry of Commerce's Yao denied there was any connection between the two but said the Chinese government is closely monitoring liquidity.
7 R% x: n4 n9 K: x The Ministry of Commerce spokesman also said the government is working to restrict hot money inflows that are potentially disguised as foreign direct investments.
, u* @& ?# ^1 a+ ?; Y0 Z China's foreign exchange regulator has recently stepped up efforts to curb speculative money inflows fanned by loose monetary policies in the US. |
发表于 2012-8-16 08:12:37
