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12th June 2010, 12:59 PM
China May Foreign Investment Rises for 10th Month (Update2)
By Bloomberg News
June 12 (Bloomberg) — Foreign direct investment in China rose for a 10th month in May, adding to evidence that the nation is weathering the European debt crisis.
Investment rose 27.5 percent to $8.13 billion, the Ministry of Commerce said in a statement today. That was more than the 23.2 percent median forecast of four economists surveyed by Bloomberg News. Foreign investment in the first five months of the year rose 14.3 percent to $38.9 billion, the ministry said.
China’s economy will expand by 9.5 percent this year, three times the pace of the U.S, the World Bank forecast this week. Companies including Volkswagen AG and PepsiCo Inc. are boosting investment in the world’s third-largest economy to tap rising consumer spending fuelled by the government’s stimulus package and higher wages.
"China will remain an attractive investment destination as the government spurs consumer spending," said Xing Ziqiang, a Beijing-based economist at China International Capital Corp. "The expansion of infrastructure, including transport links, in central and western regions is also opening up a vast inland market for consumption and investment."
More…
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/06/11/bloomberg1376-L3VZWQ1A74E9-1.DTL#ixzz0qf9cw9zf
By Bloomberg News
June 12 (Bloomberg) — Foreign direct investment in China rose for a 10th month in May, adding to evidence that the nation is weathering the European debt crisis.
Investment rose 27.5 percent to $8.13 billion, the Ministry of Commerce said in a statement today. That was more than the 23.2 percent median forecast of four economists surveyed by Bloomberg News. Foreign investment in the first five months of the year rose 14.3 percent to $38.9 billion, the ministry said.
China’s economy will expand by 9.5 percent this year, three times the pace of the U.S, the World Bank forecast this week. Companies including Volkswagen AG and PepsiCo Inc. are boosting investment in the world’s third-largest economy to tap rising consumer spending fuelled by the government’s stimulus package and higher wages.
"China will remain an attractive investment destination as the government spurs consumer spending," said Xing Ziqiang, a Beijing-based economist at China International Capital Corp. "The expansion of infrastructure, including transport links, in central and western regions is also opening up a vast inland market for consumption and investment."
More…
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/06/11/bloomberg1376-L3VZWQ1A74E9-1.DTL#ixzz0qf9cw9zf