China Business

Jan 31, 2006

FDI worth US$274 bn used in 2001-05

BEIJING - During the 10th Five-Year Plan period (2001-2005), China actually used foreign direct investment (FDI) worth US$274 billion, according to figures from the Ministry of Commerce.

During the five years, used FDI in China averaged $50 billion per year, ranking third in the world and first among all developing countries, the ministry said. More FDI has been flowing to China's

service industry. In 2005 the contracted foreign investment in the service sector totaled $21.8 billion, up 38% year on year.

Over 24 million Chinese people are working in foreign-funded enterprises, making up more than 10% of the country's total urban employees. China's coastal area still attracts the most overseas investment, witnessing a growth rate of 2.59% in 2005. Hong Kong is still the main source of overseas investment flowing into the Chinese mainland, with the European Union's investment in China growing fast.

(Asia Pulse/XIC)

China Travel

China Tours

Yangtze River Cruise

Great Wall of China

China Airline

Map of China

Head Office: Rm 202, Hau Fook Mansion, No. 8 Hau Fook St., Kowloon, Hong Kong
Thailand Bureau: 11/13 Petchkasem Road, Hua Hin, Prachuab Kirikhan, Thailand 77110