China has become a hotspot for investors from all over the world.
Foreign direct investment (FDI) inflows grew 6.14 percent in September year on year to reach $8.384 billion, compared with $7.602 billion in August, said the Ministry of Commerce (MOFCOM). This represents the ninth consecutive month of growth since August 2009.
The September figure brought the amount for the first three quarters to $74.34 billion, soaring 16.6 percent from a year earlier. The manufacturing industry has been the favorite destination, absorbing 47.6 percent of the total, followed by 45 percent for the service sector.
From January to September, the country approved 19,209 foreign-funded companies, surging 17.5 percent from one year ago.
With the broader economy picking up momentum, FDI of the country has recovered to pre-crisis levels, said Yao Jian, spokesman of the MOFCOM.
Besides this, the investment structure has continued to improve, he said. For example, the relatively underdeveloped western areas experienced a 48.8-percent surge in FDI in the first three quarters, 32.22 percentage points higher than the national average. |