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China's October FDI up 8.75 pct

Source:   Time:

BEIJING, Nov. 16 (Xinhua) -- China attracted 8.33 billion U.S. dollars in foreign direct investment (FDI) in October, up 8.75 percent year-on-year, the Ministry of Commerce said Wednesday.

The growth rate rebounded from September, when it slowed to 7.88 percent from 11.1 percent in August and 19.83 percent in July, ministry spokesman Shen Danyang said at a regular press briefing.

The October figure brought the total FDI for the first 10 months to 95.01 billion U.S. dollars, up 15.86 percent year-on-year.

The nation approved the establishment of 22,368 foreign-invested companies in the first 10 months, up 5.6 percent year-on-year.

Capital inflow from 10 Asian nations and regions, including Japan, Thailand and Singapore, climbed 20.67 percent in the first 10 months to 81.9 billion U.S. dollars, while investment from the EU rose 1.05 percent to reach 5.51 billion U.S. dollars during the period.

Meanwhile, FDI from the United States declined further, down 18.13 percent year-on-year to 2.57 billion U.S. dollars in the first 10 months, compared with 9.88 percent during the January-September period.

FDI in China's central regions grew faster than that in the country's eastern and western areas during the first 10 months.

Central China attracted 6.52 billion U.S. dollars in FDI, up 28.27 percent year-on-year, compared with a 15.53-percent increase in the east and a 9.39-percent rise in the west.

The country's outbound direct investment, excluding that of the financial sector, rose 14.1 percent year-on-year to 46.25 billion U.S. dollars in the first ten months, Shen said.

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