Foreign direct investment in November rose 32% marking the fourth consecutive month of year-on-year growth, Bloomberg reported. According to the Ministry of Commerce, FDI totaled US$7 billion last month. Investment fell 9.9% over the first 11 months. Fast-growing developing economies such as China will "lure funds away from advanced economies for the next 10 to 20 years," said Thomas Deng, head of China strategy at Goldman Sachs. China’s growth story will continue to attract foreign investment as the economy looks set to post full year growth of 8% in line with targets. Third quarter growth came in at 8.9%.
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