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China's utilized FDI down 3% in H1

Jul. 17, 2012 (China Knowledge) - China saw its utilized FDI decrease 3% from a year earlier to US$59.1 billion in the first half of this year, said Wang Chao, Vice Minister of the Ministry of Commerce, in Hong Kong yesterday.

A series of major foreign investment project had set up in China during the first half of this year and the investment will be funded in the second half of this year. It is expected that China's utilized FDI will remain stable or increase slightly in the whole year 2012, Mr Wang added.

Last month, the country saw its utilized FDI exceed US$11.99 billion, more than US$9.23 billion it realized in May 2012.

In 2011, China approved a total of 27,712 units of non-financial foreign enterprises with utilized FDI of US$116 billion, up 9.7% from a year earlier.

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