Foreign direct investment in China falls in 2012






BEIJING: Foreign direct investment in China fell 3.7 percent in 2012 to $111.72 billion, according to the government.

For the month of December FDI also declined, slipping 4.5 percent from the same month in 2011 to $11.7 billion, the commerce ministry said on Wednesday.

Investment from the European Union declined 3.8 percent to $6.11 billion, the ministry said.

But investment from the United States rose 4.5 percent to $3.12 billion, while investment from Japan increased 16.3 percent to $7.38 billion.

"The growth momentum of investment from some developed countries including the United States and Japan was good," the ministry said in a statement.

Ministry spokesman Shen Danyang also said in a statement that in 2012, Chinese directly invested $77.22 billion overseas, an increase of 28.6 percent from the year before.

- AFP/al



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