|China’s investments in HK, EU fall
Foreign direct investment into China increased 10.4 percent year on year in the first two months, the government said. Outbound investment slumped.
FDI, which excludes investment in financial sectors, totalled US$19.31 billion cumulatively in January and February, the commerce ministry said in a statement.
Separately, Chinese overseas investment in the two months fell 37.2 percent year-on-year to US$11.54 billion, the ministry said, with investment to Hong Kong and the European Union leading the decline, AFP reports.
By far the greatest proportion of investment in China comes from a group of 10 Asian countries and regions including Hong Kong, Taiwan, Japan, Thailand and Singapore.
FDI from those economies increased by 11.6 percent to US$16.94 billion, the ministry said. US investors piled US$711 million into the country during the period, up 43.3 percent.
“Investment from the 10 Asian countries and the US maintained relatively fast growth,'' the ministry said in a statement.
Investment from South Korea, meanwhile, soared 224 percent to US$834 million, the ministry said, but did not give an explanation for the leap.
Investment from the European Union declined 13.8 percent to US$1.05 billion.
Of China's outbound investment, 65.4 percent of the total, or US$7.55 billion, went to Hong Kong, the Association of Southeast Asian Nations (ASEAN), the EU, Australia, the US, Russia and Japan.
But the amount being invested in Hong Kong, the EU and ASEAN declined 62.9 percent, 11.6 percent and 2.2 percent, respectively.
Investment in the US jumped 45.6 percent, while that to Australia gained 31 percent. Investment to Russia and Japan “at least doubled'', the ministry said, without providing amounts or specific percentage changes.
China's total outstanding overseas investment as of the end of last month stood at US$537.2 billion, the ministry said.