China's FDI inflow up 5.25 percent in 2013

Jan. 16, 2014 at 7:47 AM

BEIJING, Jan. 16 (UPI) -- China's foreign direct investment inflows jumped 5.25 percent in 2013 while its foreign exchange reserves in the same year also rose sharply, data showed.

The Commerce Ministry announced Thursday FDI into the mainland rose 5.25 percent to $117.59 billion. It was a turnaround from 2012 when the annual growth rate declined 3.7 percent year-on-year due to China's economic slowdown.

Separately, the country's central bank, the People's Bank of China, said China's foreign exchange reserves jumped to $3.82 trillion in 2013, up nearly $510 billion from 2012 as the country continued to record huge trade surpluses. The year-on-year increase in 2012 was $130 billion.

China is the world's largest holder of foreign exchange reserves. To get an idea of its growth in foreign exchange holdings, China in 1996 had reserves of about $100 billion.

China's trade surplus in 2013 jumped to nearly $260 billion, up 12.8 percent from 2012.

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