www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Chinadaily.com.cn
 
Go Adv Search

Fifth FDI fall amid EU woes

Updated: 2012-04-18 09:29

By Ding Qingfen in Beijing and Chen Limin in Hong Kong (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

Fifth FDI fall amid EU woes

Investment focus to highlight western and central regions

Fifth FDI fall amid EU woes

Foreign direct investment fell for a fifth straight month in March as the European debt crisis worsened and the world's second-largest economy registered weaker growth.

The Ministry of Commerce said the FDI outlook remains "grim" in the coming months. However, measures will be taken to "stabilize" FDI by encouraging foreign companies to invest in central and western regions.

China's inbound investment last month dropped 6.1 percent, from a year earlier, to $11.76 billion, the ministry said on Tuesday.

The February figure was a 0.9 percent drop.

"Foreign companies invest less in a sluggish global economy," Shen Danyang, the ministry spokesman, said.

"Tightening policies on the property market also led to a decrease in foreign investment," he said.

Real estate makes up about 25 percent of FDI and foreign investment from the sector dropped by 6.3 percent year-on-year, in the first quarter.

The corresponding period last year saw a gain of 38.6 percent.

Investment from the European Union, grappling with a major sovereign debt crisis, tumbled 31.2 percent in the first quarter, from a year earlier, to $1.41 billion. Europe is a key trading partner and its economic troubles have had consequences for China as witnessed by the Friday announcement that the economy grew at the slowest pace in almost three years.

However, Tuesday's figures showed capital flow from the United States rose 10.1 percent, in the first quarter, to reach $893 million. This reversed a falling trend over the last few months as the world's largest economy shows signs of recovery.

From January to March, China's FDI fell by 2.8 percent from a year earlier to $29.48 billion, the ministry said. This is in contrast to a 29.4 percent increase during the same period last year.

"Rising labor costs are also making China less attractive for foreign investors," Shen said.

But falling FDI may be a short-term scenario as foreign companies eyeing the consumer market will invest, said Wang Zhile, director of the research center of transnational corporation, at the Chinese Academy of International Trade and Economic Cooperation, a think tank affiliated to the ministry.

"I am rather optimistic about FDI in the long term."

Frederic Neumann, managing director of Asian Economic Research at the Hongkong and Shanghai Banking Corp, agreed.

"Many international companies are looking at other investment destinations, such as Southeast Asia, to take advantage of cheaper labor. But this doesn't mean that China is not an attractive investment destination. In fact, we still sense a lot of interest by capital market investors taking more exposure to China," Neumann said.

Wang Chao, deputy minister of commerce, said recently that FDI could be "sustained" thanks to the country's stable economic growth and improving business sentiment.

Samsonite International, the world's biggest luggage maker, said recently that it plans to add 25 more stores this year, on top of the 60 on the Chinese mainland, to tap growing demand.

Moving inland

Efforts will be enhanced to guide foreign companies in investing in central and western regions.

Foreign capital into the eastern region dropped, in the first quarter, by 3.66 percent, but FDI into central areas grew by 20.72 percent, the ministry said.

Samsung Electronics, Asia's largest consumer-electronics provider, announced, in early April, a $7-billion investment in Xi'an, Shaanxi province, to make a memory chip widely used in smart phones and tablet computers. This is the largest foreign investment the western region has ever absorbed.

Contact the writers at dingqingfen@chinadaily.com.cn and chenlimin@chinadaily.com.cn

Related Stories

China FDI continues falling in March 2012-04-17 15:46
China's FDI down 0.9% in Feb 2012-03-15 10:18
Developed countries targeted for FDI 2012-02-23 08:05
China's FDI falls 0.3% in Jan 2012-02-16 11:03
主站蜘蛛池模板: 91热国产 | 成人综合网址 | 国产成人精品综合在线 | 最新国产成人综合在线观看 | 欧美特黄一片aa大片免费看 | 欧美高h视频 | 久久免费视频在线观看 | 99在线播放| 在线亚洲精品国产波多野结衣 | 视频一区 在线 | 欧美xxxxx色视频在线观看 | 国内精品99 | 国产成人精品一区二三区2022 | 国内精品久久久久久 | 久久精品无遮挡一级毛片 | 精品手机在线视频 | 一区精品视频 | 久久精品视频5 | 国产视频一区二区三区四区 | 美女的让男人桶到爽软件 | 午夜三级a三级三点在线观看 | 国产成人a视频在线观看 | 久久污 | 女人把腿劈开让男人桶的网站 | 午夜国产高清精品一区免费 | 国产香蕉98碰碰久久人人 | 欧美一区二区三区视频 | 日韩欧美精品一区二区 | 精品国产区一区二区三区在线观看 | 中文字幕亚洲高清综合 | gay毛片 | 国产成人精品微拍视频 | 日韩精品一区二区三区毛片 | 国产三级精品在线观看 | 免费一级特黄 欧美大片 | 99ri在线观看 | 日韩三级观看 | 2022国产精品网站在线播放 | 九九99香蕉在线视频网站 | 免费观看性欧美大片无片 | 日韩欧美国产成人 |