Foreign investment up 10 pc in '07: China
Foreign investment in China rose 9.9 per cent the first five months of this year from the same period a year ago to $25.3 billion (euro18.8 billion), a state news agency reported on Wednesday.
By Agencies |
BEIJING: Foreign investment in China rose 9.9 per cent the first five months of this year from the same period a year ago to $25.3 billion (euro18.8 billion), a state news agency reported on Wednesday.
Total investment rose despite a 3.75 per cent drop in the number of new foreign-Chinese joint ventures approved by the government, the media said, citing Commerce Ministry spokesman Yao Shenhong.
China has long been one of the world's top destinations for foreign investment. The influx of investment, combined with a multibillion-dollar trade surplus, has sent cash flooding through the economy, straining Beijing's ability to contain rising prices.
Total investment rose despite a 3.75 per cent drop in the number of new foreign-Chinese joint ventures approved by the government, the media said, citing Commerce Ministry spokesman Yao Shenhong.
China has long been one of the world's top destinations for foreign investment. The influx of investment, combined with a multibillion-dollar trade surplus, has sent cash flooding through the economy, straining Beijing's ability to contain rising prices.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
