男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影
Chinadaily.com.cn
 
Go Adv Search

Fifth FDI fall amid EU woes

Updated: 2012-04-18 09:29

By Ding Qingfen in Beijing and Chen Limin in Hong Kong (China Daily)

  Comments() Print Mail Large Medium  Small

Fifth FDI fall amid EU woes

Investment focus to highlight western and central regions

Fifth FDI fall amid EU woes

Foreign direct investment fell for a fifth straight month in March as the European debt crisis worsened and the world's second-largest economy registered weaker growth.

The Ministry of Commerce said the FDI outlook remains "grim" in the coming months. However, measures will be taken to "stabilize" FDI by encouraging foreign companies to invest in central and western regions.

China's inbound investment last month dropped 6.1 percent, from a year earlier, to $11.76 billion, the ministry said on Tuesday.

The February figure was a 0.9 percent drop.

"Foreign companies invest less in a sluggish global economy," Shen Danyang, the ministry spokesman, said.

"Tightening policies on the property market also led to a decrease in foreign investment," he said.

Real estate makes up about 25 percent of FDI and foreign investment from the sector dropped by 6.3 percent year-on-year, in the first quarter.

The corresponding period last year saw a gain of 38.6 percent.

Investment from the European Union, grappling with a major sovereign debt crisis, tumbled 31.2 percent in the first quarter, from a year earlier, to $1.41 billion. Europe is a key trading partner and its economic troubles have had consequences for China as witnessed by the Friday announcement that the economy grew at the slowest pace in almost three years.

However, Tuesday's figures showed capital flow from the United States rose 10.1 percent, in the first quarter, to reach $893 million. This reversed a falling trend over the last few months as the world's largest economy shows signs of recovery.

From January to March, China's FDI fell by 2.8 percent from a year earlier to $29.48 billion, the ministry said. This is in contrast to a 29.4 percent increase during the same period last year.

"Rising labor costs are also making China less attractive for foreign investors," Shen said.

But falling FDI may be a short-term scenario as foreign companies eyeing the consumer market will invest, said Wang Zhile, director of the research center of transnational corporation, at the Chinese Academy of International Trade and Economic Cooperation, a think tank affiliated to the ministry.

"I am rather optimistic about FDI in the long term."

Frederic Neumann, managing director of Asian Economic Research at the Hongkong and Shanghai Banking Corp, agreed.

"Many international companies are looking at other investment destinations, such as Southeast Asia, to take advantage of cheaper labor. But this doesn't mean that China is not an attractive investment destination. In fact, we still sense a lot of interest by capital market investors taking more exposure to China," Neumann said.

Wang Chao, deputy minister of commerce, said recently that FDI could be "sustained" thanks to the country's stable economic growth and improving business sentiment.

Samsonite International, the world's biggest luggage maker, said recently that it plans to add 25 more stores this year, on top of the 60 on the Chinese mainland, to tap growing demand.

Moving inland

Efforts will be enhanced to guide foreign companies in investing in central and western regions.

Foreign capital into the eastern region dropped, in the first quarter, by 3.66 percent, but FDI into central areas grew by 20.72 percent, the ministry said.

Samsung Electronics, Asia's largest consumer-electronics provider, announced, in early April, a $7-billion investment in Xi'an, Shaanxi province, to make a memory chip widely used in smart phones and tablet computers. This is the largest foreign investment the western region has ever absorbed.

Contact the writers at dingqingfen@chinadaily.com.cn and chenlimin@chinadaily.com.cn

Related Stories

China FDI continues falling in March 2012-04-17 15:46
China's FDI down 0.9% in Feb 2012-03-15 10:18
Developed countries targeted for FDI 2012-02-23 08:05
China's FDI falls 0.3% in Jan 2012-02-16 11:03
主站蜘蛛池模板: 东乡族自治县| 邛崃市| 河西区| 南投市| 彰化县| 五莲县| 黄陵县| 囊谦县| 怀化市| 佛山市| 宜州市| 武冈市| 梁平县| 福清市| 上林县| 柘荣县| 舒兰市| 厦门市| 互助| 黄陵县| 淮安市| 马关县| 平江县| 鄄城县| 稻城县| 武安市| 烟台市| 横山县| 武清区| 广安市| 新密市| 翼城县| 京山县| 营山县| 吴桥县| 广德县| 福鼎市| 潮安县| 自治县| 丰城市| 大方县| 新巴尔虎左旗| 呼和浩特市| 武隆县| 商都县| 延寿县| 电白县| 台山市| 建瓯市| 驻马店市| 栖霞市| 哈巴河县| 临海市| 衡山县| 如皋市| 中西区| 波密县| 秦皇岛市| 大安市| 新乡县| 和平县| 湖口县| 南丹县| 武乡县| 河北区| 苏尼特右旗| 彰武县| 泗阳县| 金湖县| 奎屯市| 游戏| 确山县| 株洲市| 沙雅县| 顺昌县| 庆阳市| 苍山县| 揭东县| 饶平县| 洱源县| 德州市| 玉环县|