China FDI jumps 10.4 percent to $19.31B in January-February period

Nathan Andrada – Fourth Estate Cooperative Contributor

Beijing, China (4E) – Foreign direct investment (FDI) into China rose 10.4 percent on year in the first two months of 2014, according to government data released Tuesday, while the country’s investment overseas declined.

FDI, which excludes financial sector investment, reached $19.31bn in January and February, according to the commerce ministry.

Foreign investors continue to be confident in investing into China, according to ministry spokesman Shen Danyang, but added that international investment stayed low and there were many development problems within the country.

In a separate report, Chinese outbound investment in the two months dropped 37.2 percent on year to $11.54bn, according to the ministry, with the decline being led by investment to Hong Kong and the European Union.

The biggest percentage of investment in China originated from 10 Asian nations and regions that include Japan, Singapore, Hong Kong and Taiwan.

FDI from those economies climbed 11.6 percent to $16.94bn, according to the ministry. Investors from the U.S. infused $711mn into China during the period, surging 43.3 percent.

Last year, foreign investment into the world’s second-largest economy improved to $117.59bn on increased confidence in the country’s growth potential.

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