日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

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

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: 欧美特级视频 | av免费在线观看网站 | 97偷拍视频| 成年人晚上看的视频 | 成人高清在线观看 | 久久久中文 | 国产成人一区二区三区影院在线 | 国产亚洲三级 | 日韩在线国产 | 亚洲成人精品一区二区三区 | 久久国产香蕉视频 | 欧美a级成人淫片免费看 | 国产日韩精品一区二区 | 色综合婷婷 | 99热这里只有精品8 h片免费在线观看 | 日日躁夜夜躁白天躁晚上躁91 | 欧美激情xxxxx| 午夜视频福利 | 亚洲无限观看 | 天天插综合 | 在线观看一二三区 | 综合av在线 | 日韩a毛片 | 三级在线观看视频 | 一级黄色大片免费看 | 一区在线观看 | 欧美伊人网 | 亚洲网站视频 | av在线不卡观看 | 韩国一区二区在线观看 | 国产一区二区视频免费观看 | 欧美性猛交99久久久久99按摩 | 天天久久| 好吊色在线视频 | 日韩欧美在线看 | 超碰色偷偷 | 最新国产精品视频 | 欧美午夜精品久久久久免费视 | 免费看黄色aaaaaa 片 | 午夜精品国产 | v天堂中文在线 |