Monday, October 15, 2007

Chinese FDI Reaches US$47.2, BVI Among the Most Active Investors in the first 9 Months

The Ministry of Commerce of China has released new figures for Chinese FDI during the first nine months of 2007. By the new information, Foreign Direct Investment level in China continued to rise, having reached US$47.2 billion, and increased by 10.87% if compared to the same period last year. During the first three quarters of 2007, about 28,206 foreign-funded companies were founded- just 6.05% less than the amount founded during 2006. However, in September Chinese FDI declined by 2.36% to US$5.27; in that period, 3,358 foreign-funded companies were established, decreasing by 11.49%.

The last FDI report published in September confirmed the leading positions of the British Virgin Islands among foreign direct investors in the economy of China. This month, British Virgin Islands, again, were among those countries that were most active in investments in China, - Hong Kong, Republic of Korea, Japan, Singapore, U.S., Cayman Islands, Samoa, Taiwan and Mauritius. During the first three quarters, the investment from these countries including BVI accounted 86.73% of the total FDI level in China.

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