CHINA: FDI rose by 7.7% in Q1 2010
12.05.2010, 12:20According to the Ministry of Commerce, foreign direct investment into China rose 7.7% year-on-year to USD 23.4bn in Q1 2010. As usual, the MOC figures do not cover FDI into the financial sector including banks, securities and insurance.
The MOC had not issued country-specific FDI figures for Nordic countries since Q2 2009. But it said the 27-nation EU invested a total of USD 1.6bn in China in Q1 this year, up 9.9% year-on-year.
Among sectors, manufacturing has again been the largest FDI destination, representing 47% of China's FDI in Q1, followed by 22% into real estate, 7% into leasing and commercial services (including car leasing, equipment leasing, advertising, legal, accounting & consulting services, tourist agencies, conference and exhibition services, etc.), and 6% into wholesale and retail, among others.
A major change here is that the FDI into manufacturing, although still growing, is accounting for a smaller part of China's total FDI. In the years of 2009 and 2008, FDI into manufacturing constituted 52% and 54%, respectively, of the total FDI.