China 2012 FDI inflows drop 3.45%
China drew $116 billion in foreign direct investment last year, a record according to the Commerce Ministry which aims to attract an average of $120 billion in each of the four years from 2012 to 2015.
China's outbound direct investment from non-financial firms in the first 10 months totalled $58.2 billion, up 25.8 percent year-on-year, the Ministry said.
Despite shrinking FDI inflows, China's exports perked up more strongly than expected in October, with the trade surplus swelling to record high in 45 months.
To shield the economy from external uncertainties, Beijing has unveiled a slew of measures to help reduce the burden on exporters and importers, such as urging faster payment of tax rebate, cutting red tape and providing exporters easier access to bank loans.
Be the first to comment.