facebook
twitter
rss
account
search
search
 

Foreign investments in China rise 16.11 percent in January

Feb. 18, 2014 at 12:14 AM   |   Comments

BEIJING, Feb. 18 (UPI) -- Foreign direct investments into China rose 16.11 percent year-on-year in January, data showed Tuesday, indicating little impact from the slowing economy.

The Ministry of Commerce said January's foreign investments totaled $10.76 billion, sharply higher than the 3.3 percent year-on-year increase in December.

The ministry said the inflow from the United States jumped 34.9 percent year-on-year to $369 million in January, but the inflow from the European Union dropped 41.25 percent to $482 million.

Investments from 10 Asian economies rose 22.16 percent to $9.55 billion, data showed.

Outward direct investments from China into other countries in January also jumped 47.2 percent year-on-year to $7.23 billion, China Daily reported.

Officials have said despite various economic challenges at home and abroad, China still maintains "comprehensive advantages" in attracting foreign investment, and that investors' confidence in the country has not changed.

For all of last year, China attracted $117.6 billion, up 5.3 percent from the previous year.

© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Apple sells 10 million new iPhones during the first weekend Apple sells 10 million new iPhones during the first weekend
2
Starbucks testing a latte that tastes like beer Starbucks testing a latte that tastes like beer
3
Iran could retool pipeline for Pakistan Iran could retool pipeline for Pakistan
4
Iraq relying on oil wealth from Basra Iraq relying on oil wealth from Basra
5
Greenpeace puts more pressure on LEGO Greenpeace puts more pressure on LEGO
Trending News
Video
x
Feedback