China sees more FDI inflow in Q1

Shen Danyang, spokesperson of China's Ministry of Commerce [Xu Lin/91kudian.com]

China's actual use of foreign capital in the first quarter of 2013 reached US$29.91 billion, up 1.44 percent year-on-year, according to the Ministry of Commerce (MOC) on Thursday.

In March, China attracted US$12.42 billion in foreign direct investment (FDI), 5.65 percent higher than that of the same period last year. This followed up on February's 6.32 percent growth, a rebound period after declining for eight consecutive months.

Due to the easing global economy recovery and the reduction of total international direct investment, China's FDI inflow fell slightly for a few months until February. However, a small rise or drop is not a big issue, and the overall situation remains steady, said ministry spokesperson Shen Danyang.

China saw more FDI inflow in manufacturing and service industries in Q1, with a sum of US$13.17 billion and US$14.43 billion respectively, up 0.64 percent and 2.82 percent from last year.

Some key high-end manufacturing sectors, such as telecommunication equipment, computers and other electronic equipment, transportation equipment and special equipment, enjoyed a sharp increase in FDI inflow. The sectors, including distribution services, transportation services and electricity, gas and water production and supply, also experienced dramatic growth in FDI inflow. While the real estate industry saw a 6.32 percent drop off, industrial structuring is being improved.

Shen revealed that investment from the U.S. and European countries also enjoyed an increase of 18.49 percent and 45.01 percent respectively, from a year ago. Japan made a total investment of US$2.29 billion to China, a growth of 10.48 percent.

China's western regions attracted US$2.36 billion of foreign investment in Q1, an increase of 18.29 percent, compared with US$25.05 billion in the east and US$2.5 billion in China's central regions.

"In the coming future, we will follow the opening-up policy, providing more convenient facilities for foreign investment and optimize the investment environment in order to further improve the comprehensive advantages and overall efficiency of foreign investment usage," said Shen.

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