FDI in China grows 12% YoY in first half of 2007
According to China ministry of commerce, China's foreign direct investment grew by 12% YoY to USD 31.9 billion in the H1 of 2007. The ministry said that a total of 18,683 foreign funded ventures were approved by the ministry from January to June 2007 down by 5.4% YoY.
According to ministry of commerce figures China used USD 6.63 billion of FDI in June 2007 increase of 22% YoY compared with 8.6% in May and 5.5%YoY in April 2007. Mr Yao Shenhong spokesman for China ministry said "The country is still a popular destination for overseas capital."
The top 10 sources of investment to the Chinese mainland are Hong Kong, British Virgin Islands, Japan, the Republic of Korea, Singapore, the United States, Cayman Islands, Samoa, Taiwan and Mauritius. They accounted for 86% of the total FDI.
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