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China Briefing is a monthly magazine and daily news service about doing business in China. We cover topics relating to the Chinese economy, the market in China, foreign direct investment and Chinese law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates

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Foreign Direct Investment Increases for Third Straight Month

Posted on November 16, 2009 by China Briefing

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.