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Economics & Trade

FDI off to stronger start

Foreign direct investment in China increased by almost 8% in the first two months of this year compared to 2005, according to the Ministry of Commerce. FDI totalled US$8.6 billion in January and February, up 7.8% year-on-year. Leading sources of investment include Hong Kong, the British Virgin Islands and South Korea. Last year the mainland attracted US$60.3 billion, down slightly from the US$60.6 billion record high of 2004. The ministry approved 5,136 new foreign-invested enterprises in the first two months of the year, a fall of 5% compared to a year ago.

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