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Foreign investment in China up 5.48% in first 11 months

Published on Dec 18, 2013 10:55 AM

BEIJING (AFP) - Foreign investment into China rose 5.48 per cent year on year in the first 11 months of the year, the government said on Wednesday.

Foreign direct investment (FDI), which excludes financial sectors, totalled US$105.5 billion (S$132.8 billion) for January-November, the Ministry of Commerce announced. For November alone, FDI increased 2.35 per cent year-on-year to US$8.48 billion, the ministry said.

Investment from the European Union jumped 17.36 per cent year-on-year to US$6.8 billion during the January-November period, while that from the United States increased 8.6 per cent to US$3.2 billion.

Most investment into China comes from a group of 10 Asian countries and regions, including Hong Kong, Taiwan, Japan, Thailand and Singapore. FDI from them rose 7.45 per cent to US$91.4 billion in the year to November.

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