Foreign Direct Investment Increases for Third Straight Month

Nov. 16 – Foreign direct investment into China increased for the third consective month in October the Ministry of Commerce said on Monday.

According to Yao Jian, a spokesman for the ministry, FDI into China increased 5.7 percent year-on-year to US$7.1 billion.

China’s has rebounded quicker from the global financial crises than many experts expected driven in part by a massive stimulus package and the beginning of a long-term reorienting of the nation away from an export-driven economy towards a more consumer-based one. A move that is expected to take at least three to five years to fully realize.

This entry was posted on Monday, November 16th, 2009 at 3:32 pm and is filed under FDI & Foreign Trade. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.