Data Shows Foreign Investment Bounced Back after Decline
Direct foreign investment has increase 5.3 percent in China last year as official data showed after bouncing back during the decline in 2012 for the first time in three years. Foreign direct investment excludes the financial sectors reached a total of US$117.59 billion last year. The figure is up from the previous amount posted in 2012 after declining 3.7 percent due to economic weakness in some developed markets along with a growth slowdown at home. In December alone the foreign direct investment rose 3.3 percent year on year.
Ten in 2013 the direct foreign investment in China rebounded steadily and has slowly increased for 11 straight months. Furthermore the ministry said that the services sector made up around half of the total which accounted for at least 52 percent for the first time, in which the investment in the service industry has reached US$61 billion an increase of 14 percent. Chinese overseas investment is said to probably exceed foreign direct investment if not this year but by 2016.
Foreign direct investment in the European Union jumped to US$ 7.2 billion or to 18 percent in 2013, while foreign direct investment in the US went up by US# 3.3 billion of 7.1 percent. Even with most of the investments are done in the Chinese mainland are sourced from 10 Asian countries and regions in Hong Kong, Japan, Thailand, Taiwan and Singapore.