Jan. 19, 2012 (China Knowledge) - China's utilized foreign direct investment or FDI reached US$12.24 billion in December this year, down 12.73% year on year, according to the latest statistics released by the Ministry of Commerce
In the whole of 2011, the country's utilized FDI rose 9.72% year on year to US$116.01 billion. The number of newly-approved foreign-invested firms last year was 27,712, up 1.12% from 2010.
The manufacturing sector utilized US$52.10 billion worth of foreign direct investment, up 5.06% year on year. The service sector saw its utilized FDI jump 20.54% to US$55.24 billion, and it was the first time for the utilized FDI in the service sector to exceed that in the manufacturing sector. Utilized FDI in the primary sector climbed 5.07% year on year to RMB 2.01 billion.
China saw utilized investment from ten major Asian regions and countries, including Hong Kong
and Japan, hit US$100.52 billion, up 13.99% year on year, and that from the 27 European Union (E.U.) member countries fall 3.65% to US$6.35 billion.
Utilized foreign investment from the U.S. experienced larger decline of 26.07% year on year, reaching US$3.00 billion.
China's eastern region utilized US$96.60 billion of foreign direct investment last year, 7.51% more than in 2010 and accounting for 83.27% of the country's total. Utilized FDI in the western region surged 28.24% year on year to US$11.57 billion and that in the central region grew 6.75% to US$7.84 billion.