Tuesday, April 22, 2008

Chinese FDI for Q1 2008 to Increase by 61.26%, BVI being the Second FDI Source

The Ministry of Commerce of China has published FDI statistics for the first three months of the year 2008. The reported foreign direct investment inflow into the country's economy in this period continued to increase and made US$27.414 bln – up 61.26% from the same period of the previous year.

Among the top three sources of FDI inflow in the country's economy in the first three months of the year 2008 there were British Virgin Islands, Hong Kong and Singapore, BVI again being the second in the list of top investors.

Only in March 2008, FDI stood at US$9.286 bln – that is up 39.6% compared to the previous year. According to the ministry's statistics, there were 6,949 new foreign-funded enterprises in the first three months of 2008, that is down 25.5% from a year earlier.

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