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FDI inflows rise with each passing month
17
Apr '09
Cross-border investment activities around the world have fallen sharply, but in China, introduction of a series of policies to encourage foreign investment has helped avert a decline in momentum of foreign direct investment (FDI) in the country.

According to data released by the Commerce Department, foreign investments in January, February and March fell 32.7 percent, 15.8 percent and 9.5 percent respectively, the decline narrowing with the passage of each consecutive month.

In March alone, it attracted FDI totaling to US $8.4 billion. This amount represents a 44 percent growth from February and was also the month which received the highest FDI inflow since October last year. Total FDI in the first quarter amounted to $21.78 billion.

In this regard, Zhang Hanya, researcher at, Investment Institute of Development and Reform Commission said that FDI inflows in to the Chinese economy have gradually improved due to effectiveness of government policies.

Fibre2fashion News Desk - China

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