China Attracts 5.8 Percent More Investment in 2013

China has attracted 5.77% more foreign direct investment (FDI) in the first 10 months of the year, compared to 2012.

Government figures show FDI totalled $97bn (£60.2bn) over the period.

In October alone, the country attracted $8.4bn – an increase on a year earlier but down from September’s figure.

Ministry of Commerce spokesman Shen Danyang said foreign investment policy would remain stable and transparent as China carried out its reform agenda, Reuters reports.

Last week Beijing announced the boldest changes in decades, including relaxing the one child policy and opening up the financial sector.

The vast majority of investment into China is from 10 Asian countries and regions including Hong Kong, Taiwan, Japan, Thailand and Singapore. That accounted for $83.6% of investment – a jump of 7.18% year-on-year.

Investment from the EU increased to $6.4bn during the period – an increase of 22.3% – while $3bn came from the US, a rise of 12.4%.

October’s figure was up 1.24% from the previous year, the ministry said. Last month, it was slightly higher at $8.8bn.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza