Foreign investments in China rise 16.11 percent in January

Feb. 18, 2014 at 12:14 AM

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.

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