China FDI Grows by 6.32 percent in February

Foreign direct investment (FDI) into China expanded by 6.32 percent year on year in February, increasing for the first time since June 2012, according to data revealed by the Ministry of Commerce (MOC) on Tuesday.

FDI inflow in February stood at 8.21 billion U.S. dollars, ending a streak of declining for eight consecutive months, MOC spokesman Shen Danyang told a press conference here.

“The rebound is a heartening fact,” Shen said, adding that it showed the competitiveness of China’s economy and foreign investors’ confidence in the country’s business environment and growth prospects.

In February, China approved the establishment of 1,032 foreign-invested enterprises, down 35.62 percent from a year earlier, Shen said.

In the first two months of 2013, total FDI inflow dropped 1.35 percent to 17.48 billion U.S. dollars from the same period last year.

via Xinhua

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