17 May '11, 3am

China's April foreign direct investment up 15.2%

China's April foreign direct investment up 15.2%

BEIJING: The value of foreign direct investment in China rose 15.2 per cent in April year-on-year to US$8.46 billion but fell from the previous month, the commerce ministry said Tuesday. April FDI was down from US$12.52 billion in March, when it rose 32.9 per cent on-year, the ministry said in a statement. Ministry spokesman Yao Jian did not explain why FDI had dropped in April from the previous month. The world's second-largest economy attracted US$38.8 billion in FDI during the January-April period, up 26.03 per cent on-year, it said. Analysts say robust growth in China and expectations for a stronger currency have attracted a growing number of overseas investors hoping for a better return on their money as the United States and Europe remain in the doldrums. China's economy grew 9.7 per cent year-on-year in the first quarter, beating a Dow Jones Newswires estimate of 9....

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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