Foreign direct investment (FDI) in China has increased by 5.8% in the first 10 months of the year, compared to 2012, highlighting a reviving appetite from global investors.
Surge in investment
Government figures show that China drew $97 billion in foreign investment from January to October, with October’s inflow higher by 1.2% at $8.4 billion, compared to a year earlier.
Ministry of Commerce spokesperson Shen Danyang said foreign investment rules would remain stable and transparent as China conducted its reform agenda, citing multiple reports.
Last week, Beijing announced the major changes in laws in years, including relaxing the one child policy and opening up the financial industry.
FDI inflows in China have maintained steady growth, attributed to the majority of investment into the country including Taiwan, Japan, Hong Kong, Thailand and Singapore.
Health of economy
Investment from the European Union, on the other hand, rose to $6.4 billion during the first ten months, up 22.3%, while inflows from the US rose 12.4% to $3 billion.
Figures of foreign investment in October were higher by 1.24% from last year, the ministry has claimed. Last month, however, it was slightly higher with $8.8 billion.