FDI in China rises 4.9% ytd

China has attracted US$14.09 billion in foreign direct investment (FDI) in the first two months of 2010, up 2.9% year-on-year, the Wall Street Journal reported, citing official statistics. The data reflects a broader global economic recovery which has been underway since August of last year. Foreign investment in February fell from January, a fact attributed to the lunar new year celebration, but was still up 1.1% yoy. Outbound direct investment from China also increased. Chinese companies invested US$4.66 billion in non-financial sectors in foreign countries. China is targeting outbound  investment of US$46 billion in 2010, up 6.2% yoy.