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January foreign direct investment in China rises 16%: Govt

Published on Feb 18, 2014 12:42 PM

BEIJING (AFP) - Foreign direct investment (FDI) into China increased 16.1 per cent in January, the government said on Tuesday, with cash infusions from Asian economies and the United States showing the steepest rises.

FDI, which excludes investment in financial sectors, totalled US$10.8 billion (S$13.6 billion) in January, the commerce ministry said in a statement.

Separately, Chinese overseas investment rose 47.2 per cent to US$7.23 billion in January, the ministry said, including a huge increase to Japan, a country with which China is embroiled in a bitter territorial dispute.

Investment to Japan soared 500 per cent in January from the same month in 2013, with that to Russia surging 282 per cent, the ministry said.

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