China: Foreign investment totals US$61.67 billion Jan-Nov

17 December 2007

Beijing, China, 17 Dec– Foreign direct investment (FDI) in China between January and November of this year totaled US$61.67 billion, a year on year growth rate of 13.66 percent, the Chinese Trade Ministry said in Beijing Thursday.

In the period, the Chinese government approved the establishment of over 34,000 foreign companies, which was a year on year fall of 7.2 percent.

At the beginning of the month China changed its foreign investment policy making it easier to invest in services and high-technology industries and more difficult for foreign investors to enter sectors that consume large amounts of energy.

In 2006 China received US$69 billion in FDI.

According to the United Nations Conference on Trade and Development (UNCTAD) China was the third-largest receiver of FDI in the world, after the United States and the United Kingdom. (macauhub)