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China's utilized FDI to hit record US$110 bln in 2011

Jan. 3, 2012 (China Knowledge) - China may see its utilized foreign direct investment to hit a record US$110 billion in 2011, said the Ministry of Commerce in a statement.

In 2012, the country will face both challenges and opportunities in attracting foreign direct investment amid current complex global financial issues.

The country will encourage foreign investors to enter modern agriculture, newly-emerging strategic industries, modern service sector and high-tech manufacturing industries, according to the newly-revised Catalogue of Industries for Guiding Foreign Investment.

The country saw the first year-on-year decline in utilized FDI in November since March 2010. The figure fell 9.76% year on year to US$8.75 billion in the month.

In the first 11 months of this year, the country's utilized FDI rose 13.15% year on year to US$103.7 billion.

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